Insurance – Liability insurance. The Supreme Court held that Impact Funding Solutions Ltd (Impact) could not recover losses from professional indemnity insurers, AIG Europe Insurance Ltd (AIG), following the insolvency of a solicitors' firm that Impact had entered into contracts with, under which Impact had been responsible for disbursements incurred in actions brought by those solicitors' clients. The Court held that an exclusion clause in the insurance policy which AIG had written for the solicitors applied to defeat Impact's claim against AIG and that there was no basis for implying a restriction into that exclusion clause limiting its effect.