LLR: Insurance & Reinsurance

John Lockey KC and Professor Robert Merkin KC

Document

FARADAY CAPITAL LTD v COPENHAGEN REINSURANCE CO LTD

[2007] Lloyd's Rep IR 23

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Aikens

Reinsurance - Defendants reinsuring claimants under contract stated to be subject to same terms as original and to follow settlements - Claims made against reinsured by assured settled under a full and final settlement “without prejudice to or waiver of their respective positions” - Whether reinsurers bound by settlement.

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