Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

HEATH LAMBERT LTD. v. SOCIEDAD DE CORRETAJE DE SEGUROS

[2005] 1 Lloyd's Rep. 597

COURT OF APPEAL

Before Lord Phillips MR, Lord Justice Clarke and Lord Justice Wall

Reinsurance - Marine - Placing broker paying premium to reinsurers - Claim by placing broker against producing broker and reinsured for reimbursement - Running of time for making of claim - Whether action accrued when risk incepted or at end of 90-day credit period granted by reinsurers for payment of premium - Limitation Act, 1980, s. 5 - Marine Insurance Act, 1906, s. 53.

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