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LLR: Insurance & Reinsurance

FEASEY (REPRESENTING SYNDICATE 957 AT LLOYD’S) v SUN LIFE ASSURANCE CO OF CANADA PHOENIX HOME LIFE MUTUAL INSURANCE CO STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION (BERMUDA) LTD v FEASEY [2002] EWHC 868 (Comm)

[2002] Lloyd's Rep IR 807

QUEEN’S BENCH DIVISION COMMERCIAL COURT

Before Mr Justice Langley

Reinsurance - P & I Association - Reinsurance of Association in respect of payments to members for liability for death and personal injury - Payments under reinsurance triggered by death or personal injury of “original person” and not by liability of Association - Whether contrary to Life Assurance Act 1774, section I - Amount recoverable under Life Assurance Act 1774, section 3 - Misrepresentation - Whether reinsurers made false statements to their reinsurers concerning assessment of amount of payments to Association - Authority of underwriting agent.

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