PAN ATLANTIC INSURANCE CO. LTD. AND ANOTHER v. PINE TOP INSURANCE CO. LTD.

[1993] 1 Lloyd's Rep. 496

COURT OF APPEAL

Before Sir Donald Nicholls V.-C., Lord Justice Farquharson and Lord Justice Steyn

Reinsurance - Non-disclosure - Misrepresentation - Renewal invited based on loss record for 1977-1979 years - Whether plaintiffs failed to disclose material facts - Whether position misrepresented - Whether additional losses for year 1980-1981 should have been disclosed - Whether reinsurers entitled to avoid policy for misrepresentation and non-disclosure.