NEWBURY INTERNATIONAL LTD V RELIANCE NATIONAL INSURANCE CO (UK) LTD TYSER SPECIAL RISKS LTD

(1994) 3 Re LR 30

Queen’s Bench Division Commercial Court

Before Lord Templeman, Lord Mustill, Lord Woolf, Lord Lloyd of Berwick and Sir Thomas Eichelbaum

Prize indemnity insurance - Non-disclosure and misrepresentation of material facts - Policy indemnifying insured if racing driver achieved a top three position in race series - Performance in previous races not disclosed to insurers - Whether insurers could repudiate liability under policy.

Prize indemnity insurance - Insurable interest - Necessity for.