EQUITAS LTD v R&Q REINSURANCE CO (UK) LTD
[2010] Lloyd's Rep. IR 600
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr Justice Gross
Reinsurance — LMX spiral — Losses wrongly paid by insurers and reinsurers in the spiral — Claim by retrocedant against retrocessionaires — Whether retrocedant had to prove that losses were properly paid throughout the spiral — Effect of follow the settlements clause — Validity of use of actuarial model to prove amount of loss.