Insurance Law Monthly

In Al Buhaira National Insurance Co v Arab War Risks Insurance Syndicate [2026] DIFC CA 003 the Dubai International Financial Court of Appeal has upheld in part and overturned in part the lengthy decision of His Excellency Justice Michael Black KC sitting in the Dubai International Court of First Instance, [2026] Lloyd's Rep IR 345. In outline, a reinsured who had avoided the underlying insurance but remained in litigation with the assured sought declarations from the court as to the liability of the reinsurers and of its right to recover defence costs.

In Glass Recovery Services Pty Ltd v Certain Underwriters at Lloyd's [2026] VSC 314 Matthews J in the Supreme Court of Victoria discussed the operation of an Industrial Special Risks Policy covering both material damage and business interruption in circumstances where a regulatory authority removed and destroyed the assured's property. Ultimately there was found to be no coverage under the policy, both by reason of the absence of any insured peril and the operation of a number of exceptions.