FORTISBANK SA v TRENWICK INTERNATIONAL LTD

[2005] Lloyd's Rep IR 464

QUEEN’S BENCH DIVISION COMMERCIAL COURT

Before Mrs Justice Gloster

Insurance (financial discounting fraud) - Policy requiring assured to bring proceedings against underwriters within 24 months of discovery of loss - Whether proceedings barred - Date on which assured discovered loss - Whether implied agreement by underwriters not to rely on time-limits - Whether underwriters estopped by representation or convention.