AEGIS ELECTRICAL AND GAS INTERNATIONAL SERVICES LTD v CONTINENTAL CASUALTY CO

[2008] Lloyd's Rep IR 17

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Andrew Smith

Reinsurance - Full reinsurance clause - Definition of risk in reinsurance - Whether definition overriding incorporation of direct policy wording - Follow the settlements - Whether clause unconditional - Whether reinsurers bound to accept settlement by reinsured as conclusive of coverage under reinsurance - Meaning of “explosion”.