EQUITAS LTD v R&Q REINSURANCE CO (UK) LTD
[2010] Lloyd's Rep IR Plus 34
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr Justice Gross
Reinsurance - LMX spiral - Losses wrongly paid by insurers and reinsurers in the spiral - Claim by retrocedant against retrocessionaires - Whether retrocedant had to prove that losses were properly paid throughout the spiral - Effect of follow the settlements clause - Validity of use of actuarial model to prove amount of loss.