COMMERCIAL UNION ASSURANCE CO. PLC. v. SUN ALLIANCE INSURANCE GROUP PLC. AND GUARDIAN ROYAL EXCHANGE PLC.

[1992] 1 Lloyd's Rep. 475

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Steyn

Reinsurance - Indemnity - Destruction by arson of insured store in Netherlands - Insurers paid claim under insurance policy - Reinsurers denied liability - Whether insurance and reinsurance arrangements had lapsed - Whether reinsured entitled to be indemnified by reinsurers.