BATES AND OTHERS v. BARROW LTD. AND OTHERS ANSELL AND OTHERS V. SAME AND OTHERS

[1995] 1 Lloyd's Rep. 680

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Gatehouse

Reinsurance - Stop-loss policies - Illegality - Insurers not authorized under Insurance Companies Acts to carry on insurance business in the U.K. - Plaintiffs claimed under policies - Insurers alleged inter alia policies illegal and void and therefore unenforceable - Whether policies enforceable by virtue of s. 132 of the Financial Services Act, 1986 - Whether loss too remote.