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LLR: Insurance & Reinsurance

CHARMAN v GORDIAN RUN-OFF LTD [2002] EWHC 2290 (Comm)

[2003] Lloyd's Rep IR 337

QUEEN’S BENCH DIVISION COMMERCIAL COURT

Before Mr Justice Morison

Reinsurance - Whole account excess of loss cover - Three-year policy - Review clause in reinsurance - Reinsurers entitled to increase annual premium in event of extraordinary claims development - Whether losses amounted to extraordinary claims development - Whether review clause validly invoked.

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