i-law

LLR: Insurance & Reinsurance

FIGRE LTD v MANDER

[1999] Lloyd's Rep IR 193

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Cresswell

Reinsurance (retrocession) - Premium not paid on due date - Plaintiff mistakenly believed that premium had been paid - Delay due to oversight and error - Whether non-payment amounted to repudiation of retrocession agreement.

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