IN RE A COMPANY NO 0013734

(1993) 2 Re LR 88

Chancery Division

Before Mr Roger Kaye QC Sitting as a deputy judge of the High Court

Insolvency - Winding-up petition - Application to strike out - Excess of ultimate net loss reinsurance contracts - Alleged non-payment of claims - Whether precondition of reinsurer’s liability that reinsured should actually have paid assureds - Whether valuation of contingent underlying liabilities was “loss settlement” or “compromise settlement” - Whether petitioner had provided “reasonable evidence” of claims.