Lloyd's Maritime Law Newsletter
Citadel Insurance Co. v. Atlantic Union Insurance Co. - Court of Appeal (Lord Denning M.R., Oliver and Kerr L.JJ.) - 20 July 1982
Marine Insurance - Canadian Insurers reinsured by Greek Corporation through London brokers under open cover - Service of writ out of jurisdiction
Marine Insurance Brokers in New York, International Excess Inc. (“International”) wanted to have a “Hull Open Cover” by way
of a reinsurance facility for their clients. International approached a company of reinsurance brokers in the Austen Group
in London (“Austen”) for this purpose. Austen were accordingly in the position of “placing brokers” for International, and
they placed this open cover with the defendants (who were incorporated in Greece) to the extent of 100%. This contractual
arrangement was evidenced by a slip prepared by Austen in London.