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LLR: Insurance & Reinsurance

KIRIACOULIS LINES SA v COMPAGNIE D’ASSURANCES MARITIME ARIENNES ET TERRESTRES (CAMAT) THE DEMETRA K [2002] EWCA Civ 1070

[2002] Lloyd's Rep IR 795

COURT OF APPEAL

Before Lord Phillips of Worth Matravers MR, Lord Justice May and Lord Justice Laws

Insurance (marine) - Hull and Machinery policy - Cover for fire - Underwriters refusing to insure losses caused by war risks and malicious acts - Whether loss by fire included a fire deliberately caused by a third party - Whether the risk “Fire” modified by agreement - Whether policy should be rectified to contain specific exclusion for malicious acts - Estoppel - Effect of loss caused concurrently by insured peril and excluded peril.

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