PCW SYNDICATES v. PCW REINSURERS
[1996] 1 Lloyd's Rep. 241
COURT OF APPEAL
Before Lord Justice Staughton, Lord Justice Rose and Lord Justice Saville
Reinsurance - Non-disclosure - Lloyd’s litigation - Insurers’ liability reinsured - Allegation that insurers’ agents misappropriation of premiums received for benefit of insurers not disclosed to reinsurers - Whether reinsurers entitled to repudiate liability - Marine Insurance Act, 1906, ss. 18 and 19.