JOHNSTON (and all other members of Syndicate 964 at Lloyd’s, who were parties to the contract of reinsurance) v. LESLIE & GODWIN FINANCIAL SERVICES LTD.

[1995] LRLR 472

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Mr. Justice CLARKE:

Reinsurance - Contractual duty - Duty to collect claims - Lloyd’s brokers placed plaintiff’s reinsurance liabilities - Plaintiffs claimed under reinsurances 30 years later - Whether brokers under duty to collect claims and/or retain documents - Whether brokers in breach - Whether plaintiffs’ claims time barred - Whether plaintiffs guilty of contributory negligence.