SUNCORP INSURANCE AND FINANCE V MILANO ASSICURAZIONI SPA

(1993) 2 Re LR 350

Queen’s Bench Division Commercial Court

Before Mr Justice Waller

Pool - Authority - Fronting - Excess of loss treaty underwritten by pool underwriter - Whether pool member used as front in treaty was party to treaty - Whether pool underwriter was authorized expressly to bind pool member for percentage lines exceeding percentage stated in pool agreement - Construction of pool agreement - Whether pool underwriter had apparent or ostensible authority to use pool member as front - Whether pool member had ratified treaty - Interest on loss settlements.