Insurance and Reinsurance in UK Law

  • ARBUTHNOTT and Others v FAGAN and FELTRIM UNDERWRITING AGENCIES Ltd and Others and Two Other Actions (1st Appeal) ARBUTHNOTT and Others v FAGAN and FELTRIM UNDERWRITING AGENCIES Ltd and Others and Two
    • House of Lords
    • 25 July 1994
    ... ... 8 (2) They may be managing agents, who underwrite contracts of insurance at Lloyd's on behalf of the Names who are members of the Syndicates under ... closure of a year or years of account into subsequent years by reinsurance to close ("RITC"). In one of them, there is also a complaint as to the ... ...
  • Masefield AG v Amlin Corporate Member Ltd
    • Court of Appeal (Civil Division)
    • 26 January 2011
    ... ... became an actual total loss in terms of s57(1) of the Marine Insurance Act 1906 (“the Act ”) in that the assured had been “irretrievably ... “wait and see” was picked up again in Scott v Copenhagen Reinsurance Co. UK Ltd [2003] 2 All ER (Comm) 190 ... This concerned the BA aircraft ... ...
  • Law Society v Shah
    • Chancery Division
    • 30 November 2007
    ... ... Graziani)/raymond Sion David Barda (2) St Paul Travelers Insurance Company Limited (On Behalf of The Law Society's Assigned Risks ... ...
  • Foskett v McKeown
    • House of Lords
    • 24 May 2000
    ... ... to the policy are applied annually in meeting the cost of life insurance until all the allocated units have been used up. Only at that point will ... which the insured had to provide to meet this liability out by reinsurance or of its own funds. But they had no effect on the right of the trustees ... ...
  • Assiscurazioni Generali SpA v Arab Insurance Group
    • Court of Appeal (Civil Division)
    • 13 November 2002
    ... ... United thus reinsured the risks with Generali, but subject to such reinsurance, or strictly retrocession, as it sold on the market. In the event Generali retained part of the risk but retroceded part of the risk to others, ... ...
  • Manifest Shipping Company Ltd v Uni-Polaris Shipping Company Ltd (Star Sea)
    • House of Lords
    • 18 January 2001
    ... ... 3 Section 39(5) of the Marine Insurance Act 1906 concerns the case where "with the privity of the assured, the ... ...
  • Re Sigma Finance Corporation (in Administrative Receivership)
    • Supreme Court
    • 29 October 2009
    ... ... restated by the House of Lords in a series of cases: Charter Reinsurance Co. Ltd. v Fagan [1997] AC 313 , Mannai Investment Co. Ltd. v Eagle Star ... the insurer has in fact satisfied the claim under the inward insurance is one which "can undoubtedly be changed by express ... ...
  • Charter Reinsurance Company Ltd v Fagan
    • House of Lords
    • 22 May 1996
    ... ... this defence, if sound, is obvious; and its implications have been multiplied by the levels of financial frailty experienced in the London insurance market in recent years. Across the market as a whole very large sums depend upon it, and the litigation from which this appeal stems has been brought ... ...
  • Amin Rasheed Shipping Corporation v Kuwait Insurance Company
    • House of Lords
    • 07 July 1983
  • Re London United Investments Plc
    • Court of Appeal (Civil Division)
    • 19 December 1992
    ... ... and carried on business primarily as a holding company in the insurance field, with, at the material times, two relevant wholly-owned ... at the circumstances surrounding payments of commission on reinsurance contracts relating to HSW. That raises questions in particular in relation ... ...
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