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THE CONTRACTUAL NATURE OF REINSURANCE

IN 'Wasa International Ins. Co. Ltd. v. Lexington Ins. Co'. [2009] UKHL 40, [2009] 3 W.L.R. 575 Lexington insured Alcoa, a mining company based in Massachusetts but operating throughout the United States and beyond, for a certain period of time against loss of or damage to property and bus...

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Bibliographic Details
Published in:Cambridge law journal 2010-03, Vol.69 (1), p.24-25
Main Author: Clarke, Malcolm
Format: Article
Language:English
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Summary:IN 'Wasa International Ins. Co. Ltd. v. Lexington Ins. Co'. [2009] UKHL 40, [2009] 3 W.L.R. 575 Lexington insured Alcoa, a mining company based in Massachusetts but operating throughout the United States and beyond, for a certain period of time against loss of or damage to property and business interruption risks (the primary insurance). Lexington obtained reinsurance cover on the London market for the same period on similar terms, under which various London underwriters, Wasa among them, agreed to cover Lexington's primary insurance of Alcoa. As usual the reinsurance was governed by English law.
ISSN:0008-1973
1469-2139
DOI:10.1017/S0008197310000103