| Source: | All England Reporter |
| Publisher Citation: | [2003] All ER (D) 160 (Jul) |
| Neutral Citation: | [2003] EWHC 1636 (Comm) |
| Court: | Queen's Bench Division, Commercial Court |
| Judge: | Thomas J |
| Representation | Jonathan Hirst QC, Andrew Lydiard QC and Colin West (instructed by Clyde & Co) for the claimants. |
| The first defendant appeared by its representatives, the second and third defendants. | |
| The second and third defendants appeared in person. | |
| David Railton QC, Raymond Cox QC and Marcus Smith (instructed by Richards Butler) for the fourth to seventh defendants. | |
| Judgment Dates: | 8 July 2003 |
Catchwords
Insurance - Reinsurance - Contract for excess of loss reinsurance - US workers' compensation insurance - Arbitrage - Avoidance of policies - Fraudulent misrepresentation - Conspiracy.
The Case
Insurance Reinsurance. Queen's Bench Division, Commercial Court: The court made findings of fraud and conspiracy in very substantial litigation arising out of the part of the reinsurance market which, in the 1990s, traded in the losses generated by US Workers' Compensation insurance (WC insurance) and related products; in particular, that referred to as 'arbitrage' or 'net underwriting'.
Practice Areas
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