ASSICURAZIONI GENERALI SPA v CGU INTERNATIONAL INSURANCE PLC [2003] EWHC 1073 (Comm)

[2003] Lloyd's Rep IR 725

QUEEN’S BENCH DIVISION COMMERCIAL COURT

Before Gavin Kealey QC, Deputy High Court Judge

Reinsurance - Insurance of work for installation and maintenance of cables - Settlement of claim by reinsured - Reinsurance agreement requiring re-insurers to “follow the settlements” of reinsured - Scope of obligation to follow settlements - Position where insurance and reinsurance contained same terms and were drafted on back to back basis - Obligation on reinsured to prove that the basis on which the claim was settled fell within the reinsurance as a matter of law.