SPHERE DRAKE INSURANCE PLC v. DENBYIAN POSGATE (THIRD PARTY)
[1995] LRLR 1
COURT OF APPEAL
Lord Justice WAITE:
Reinsurance - Quota share - Stop loss - Construction - Whether oral agreement concluded by which Syndicate 701 agreed to stop loss plaintiffs’ quota share of non-marine insurance of Syndicates 126/129 - Proper construction of stop loss reinsurance accorded by Syndicate 701.