COMMERCIAL UNION ASSURANCE CO. PLC. AND OTHERS v. NRG VICTORY REINSURANCE LTD. SKANDIA INTERNATIONAL INSURANCE CORPORATION AND ANOTHER v. SAME

[1998] 1 Lloyd's Rep. 80

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Clarke

Reinsurance - Indemnity - Excess of loss - Major oil spill in Alaska - Global Corporate Excess insurance - Plaintiffs and direct insurers under GCE policy entered into settlement agreement - Whether plaintiffs liable under GCE policy - Whether plaintiffs entitled to be indemnified under reinsurance policy with defendants.