SOCIETE ANONYME D’INTERMEDIARIES LUXEMBOURGEOIS v. FAREX GIE AND OTHERS

[1995] LRLR 116

COURT OF APPEAL

Lord Justice DILLON:

Reinsurance - Non-disclosure - Misrepresentation - Reinsurance facility and retrocession cover arranged by placing brokers - Retrocessionaire alleged retrocession cover invalid on ground that retrocession placed with them without authority - Whether knowledge of placing brokers imputed to reinsured - Whether reinsurer’s entitled to avoid reinsurance on grounds of non-disclosure and/or misrepresentation.