COMMERCIAL UNION ASSURANCE CO. PLC. AND OTHERS v. NRG VICTORY REINSURANCE LTD. SKANDIA INTERNATIONAL INSURANCE CORPORATION AND ANOTHER v. SAME

[1998] 2 Lloyd's Rep. 600

COURT OF APPEAL

Before Lord Woolf M.R., Lord Justice Potter and Lord Justice May

Reinsurance - Indemnity - Excess of loss - Major oil spill in Alaska - Global Corporate Excess insurance - Plaintiffs and direct insurers under GCE policy entered into settlement agreement - Whether plaintiffs liable under GCE policy - Whether plaintiffs entitled to be indemnified under reinsurance policy with defendants.