NOBLE ASSURANCE CO v GERLING-KONZERN GENERAL INSURANCE CO

[2008] Lloyd's Rep IR 1

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Lord Justice Toulson

Reinsurance - Arbitration - Insurance policy covering assured and subsidiaries - Loss suffered by subsidiary - Assured issuing insurance certificate policy after loss - Dispute as to coverage referred to arbitration - Arbitrators ruling that subsidiary covered under terms of policy and under terms of certificate policy - Reinsurers bringing action in Vermont based on validity of certificate policy - Whether reinsurers estopped from raising issue - Whether anti-suit injunction or declaration should be granted.