Lloyd's Shipping & Trade Law
Reinsurance
WISE (Underwriting Agency) Ltd v Grupo Nacional Provincial SA [2004] EWCA Civ 962
Cargo insurance – Reinsured stating that clocks were to be insured – Cargo including Rolex watches – Cargo stolen – Whether
reinsurers induced by presentation of risk – Whether reinsurers had waived disclosure of inclusion of Rolex watches – Whether
policy affirmed