COLIN BAKER v. BLACK SEA AND BALTIC GENERAL INSURANCE CO. LTD.

[1995] LRLR 261

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Mr. Justice POTTER:

Reinsurance - “United States and Canadian Business (Fire and Casualty)” - Meaning of “Fire and Casualty” - Meaning of “United States and Canadian Business” - Cession - Validity - Whether cover provided by plaintiffs capable of being ceded to defendants - Whether plaintiffs ceded to defendant 50 per cent. of its line on each insurance - Whether such cession valid - Whether reinsurance treaty between plaintiffs and defendants terminated - Effect of termination - Effect of annual re-signing procedure -Whether defendants liable to reimburse plaintiffs in respect of costs/legal expenses - Whether defendants bound to follow settlements - Whether questions of limitation and claim handling arose.