Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

WISE (UNDERWRITING AGENCY) LTD. v. GRUPO NACIONAL PROVINCIAL S.A.

[2004] 2 Lloyd's Rep. 483

COURT OF APPEAL

Before Lord Justice Peter Gibson, Lord Justice Rix and Lord Justice Longmore

Reinsurance - Utmost good faith - Cargo insurance - Reinsured stating that clocks were to be insured - Cargo including Rolex watches - Cargo stolen - Whether reinsurers induced by presentation of risk - Whether reinsurers had waived disclosure of inclusion of Rolex watches - Whether policy affirmed - Marine Insurance Act, 1906, s. 18.

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