Talk to us.
This blog is a collation of insights and commentaries from stakeholders across the insurance industry. Want to start a discussion? Write to us!
All views expressed are those of the authors in their personal capacity, and unless otherwise stated, do not purport to reflect the opinions or views of the ILAS nor its Committee.
Subrogation Woes – do the terms of your insured’s tenancy agreement prevent recovery?
Sometimes loss events to occur at tenanted premises, and the insurer of landlord or tenant may settle the resulting claim(s) and then seek subrogation. Questions may then arise as to whether the landlord or tenant may rely on a terms in the underlying tenancy agreement to assert that it cannot be sued for the loss. This article explores such issues through HSBC Institutional Trust Services (Singapore) Ltd (as trustee of AIMS AMP Capital Industrial REIT) v DNKH Logistics Pte Ltd [2023] SGHC(A) 13.