HISCOX AND OTHERS v. OUTHWAITE AND OTHERS (No. 3)

[1991] 2 Lloyd's Rep. 524

QUEENS BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Evans

Reinsurance - Construction - Asbestos claims in United States - Wellington Agreement entered into - Dispute as to quantification of liabilities - Whether reinsurers bound to follow reinsureds’ agreement to settle original claim - Whether payments made under Wellington Agreement payments “in settlement of losses” - Whether reinsured could rely on estoppel.