Publisher Citation: [2005] All ER (D) 242 (Nov)
Court: Queen's Bench Division
Judge:

Judge Seymour QC sitting as a judge of the High Court

Representation Hashim Reza (instructed by Minaides Robson) for the claimant.
  The second and third defendants appeared in person.
Judgment Dates: 18 November 2005

Catchwords

Guarantee - Loss - Recovery - Second and third defendants supplying guarantees in respect of performance of first defendant insurance broker - First defendant going into administrative receivership - Claimant insurer bringing proceedings to recover premiums said to be owing - Whether second and third defendants liable under guarantees.

The Case

In the circumstances of the case, the second and third defendants were liable to the claimant under guarantees provided by them in respect of premiums due to the claimant insurer from the first defendant broker (which was in administrative receivership), in the sum of 171,989.02.

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