THE SOCIETY OF LLOYD’S V MORRIS AND OTHERS

(1993) 2 Re LR 217

Court of Appeal

Before Sir Thomas Bingham MR, Lord Justice Steyn and Sir Christopher Slade

Lloyd’s - Premiums Trust Deed - Meaning of “other monies” - Whether taking out of personal stop loss policies part of “underwriting business” - Whether stop loss policies taken out “in connection with” underwriting business - Whether recoveries made by Names under stop loss policies subject to trusts created by Lloyd’s Premiums Trust Deed - Personal stop loss recoveries by Names - Whether within trust fund created by the Premiums Trust Deed - Whether Name estopped from denying that recoveries from his personal stop loss insurances had been assigned to his Premiums Trust Fund - Whether Names validly and effectively assigned contractual right to receive personal stop loss recoveries to trustees under their Premiums Trust Deeds.