ASSICURAZIONI GENERALI SPA v ARAB INSURANCE GROUP (BSC)

[2002] Lloyd's Rep IR 633

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Morison

Reinsurance - Date on which contract was made - Effect of slips being signed and stamped - Retention - Whether warranty that reinsured would maintain retention at stated level - Misrepresentation - Whether misleading statements made as to participation of other parties - Misrepresentation - Whether reserving policy unusual or imprudent.