GAN INSURANCE COMPANY LTD v TAI PING INSURANCE COMPANY LTD (Nos 2 and 3)

[2001] Lloyd's Rep IR 667

COURT OF APPEAL

Before Lord Justice Mance, Lord Justice Latham and Sir Christopher Staughton

Reinsurance - Erection all risks policy - Claims co-operation clause - Construction of clause - Whether reinsured required to seek reinsurers’ consent for settlements and admissions of liability - Whether condition precedent to reinsurers’ liability - Whether reinsurers entitled to withhold consent from reinsureds’ settlements.