AXA VERSICHERUNG AG v ARAB INSURANCE GROUP (BSC)
[2016] Lloyd's Rep. IR 1
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice Males
Reinsurance (energy construction risks) – Facultative/obligatory first loss treaty – Non-disclosure – Misrepresentation – Materiality of loss statistics – Inducement – Waiver – Effect of layered construction risks.