AVON INSURANCE PLC AND ORS v SWIRE FRASER LTD AND ANOR

[2000] Lloyd's Rep IR 535

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Rix

Insurance (stop loss) - Binding authority issued by underwriters to brokers - Brokers agreeing stop loss insurance for Lloyd’s Names - Names suffering substantial losses - Whether brokers liable for misrepresentation to underwriters - Misrepresentation Act 1967, section 2(1) - Measure of damages for misrepresentation - Whether false statements made as to manner of assessment of risks under binding authority - Whether underwriters induced by false statements.