BROWN v. KMR SERVICES LTD. (formerly H.G. POLAND (AGENCIES) LTD.) SWORD-DANIELS v. PITEL AND OTHERS

[1995] 2 Lloyd's Rep. 513

COURT OF APPEAL

Before Lord Justice Stuart-Smith, Lord Justice Peter Gibson and and Lord Justice Hobhouse

Lloyd’s litigation - Portfolio selection - Duties of members’ agents - Breach - Inclusion in member’s portfolio of “high risk” syndicates - Whether members should have been specifically warned against joining such syndicates - Whether even if warned member would still have allocated part of premium income to high risk syndicate - Whether defendants could claim set-off - Whether recoverable damages should be limited to such losses as would reasonably be foreseen.