HIH CASUALTY AND GENERAL INSURANCE LTD v AXA CORPORATE SOLUTIONS NEW HAMPSHIRE INSURANCE COMPANY

[2002] Lloyd's Rep IR 325

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Jules Sher QC

Reinsurance - Film finance policies - Warranties in reinsurance that a given number of films would be made - Shortfall in number of films - Consequences of breach of warranty - Whether reinsurers had waived breach of warranty - Waiver by election - Promissory estoppel - Estoppel by convention.