BONNER AND OTHERS v COX AND OTHERS
[2006] Lloyd's Rep Plus 54
COURT OF APPEAL
Before Lord Justice Waller, Lord Justice Tuckey and Lord Justice Moses
Reinsurance – Energy risks insured under Open Cover –
Reinsurance issued as standing offer to subscribers to Open Cover – Whether
brokers’ knowledge of loss prior to acceptance of reinsurance cover was a
material fact – Whether reinsurers induced – Whether
misrepresentations made to reinsurers as to duration
and nature of direct risks under Open Cover – Whether implied term that
reinsured would not “write against” the reinsurance – Nature of terms to be
implied into a reinsurance agreement – Whether reinsurance covered long-term
risks re-signed into the period of coverage.