ANECO REINSURANCE UNDERWRITING LTD. (IN LIQUIDATION) v. JOHNSON & HIGGINS LTD. [2001] UKHL 51

[2002] 1 Lloyd's Rep. 157

HOUSE OF LORDS

Before Lord SLYNN OF Hadley, Lord Browne-Wilkinson, Lord LLOYD OF Berwick, Lord Steyn and Lord Millett

Reinsurance - Insurance brokers - Non-disclosure and misrepresentations - Brokers placed plaintiffs’ excess of loss reinsurance contracts with underwriters - Arbitrators held underwriters entitled to avoid cover on grounds of brokers’ misrepresentation and non-disclosure - Plaintiffs claimed damages from the brokers for breach of contractual duty and negligence - Whether brokers made fair presentation of risk and all material circumstances to underwriters - Measure of damages.