A Guide to Reinsurance Law

Professor Robert Merkin KC

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Page 201

CHAPTER 5 RIGHTS AND OBLIGATIONS OF THE PARTIES

THE CONSTRUCTION OF REINSURANCE AGREEMENTS

The guiding principles which govern the construction of commercial contracts, as derived from the leading authorities, were laid down by Lord Hoffmann in Investors Compensation Scheme v. West Bromwich Building Society [1998] 1 All E.R. 98, as follows (citations omitted):

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