NEWBURY INTERNATIONAL LTD. v. RELIANCE NATIONAL INSURANCE CO. (U.K.) LTD. AND TYSER SPECIAL RISKS LTD.

[1994] 1 Lloyd's Rep. 83

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hobhouse

Insurance (Prize Indemnity) - Non-disclosure - Repudiation - Plaintiffs through brokers insured risk of racing driver achieving top three series position in New Zealand International Formula Ford series - Insurers alleged non-disclosure of material facts relating to racing drivers’ past performance - Whether insurers entitled to repudiate policy. Insurance brokers - Prize indemnity insurance - Wagering contracts - Plaintiffs through brokers insured risk of racing driver achieving top three series position in Formula Ford series - Insurers repudiated policies for non-disclosure - Whether policies wagering contracts - Whether insured had insurable interest - Whether brokers liable.