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LLR: Insurance & Reinsurance

CGU INTERNATIONAL INSURANCE PLC AND OTHERS v ASTRAZENECA INSURANCE CO LTD

[2006] Lloyd's Rep IR 409

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Cresswell

Reinsurance - Conflict of laws - Applicable law - Direct policy governed by English law - US service of suit clause - Whether direct policy to be construed under law of Iowa - Construction of reinsurance agreement - Effect of “follow the fortunes” clause - Arbitration Act 1996, section 69.

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