GREAT ATLANTIC INSURANCE CO. v. HOME INSURANCE CO., AMERICAN FOREIGN INSURANCE ASSOCIATION, C. E. HEATH & CO. (INTERNATIONAL) LTD., FRANK ELGER & CO. AND OTHERS

[1981] 2 Lloyd's Rep. 219

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Lloyd

Reinsurance - Quota share reinsurance treaty - First defendants gave brokers underwriting agency- Brokers on behalf of first defendants granted reinsurance facility to fourth defendants - First defendants entered into QSRT with plaintiffs - Whether first defendants entitled to terminate QSRT - Whether brokers had exceeded authority - Whether reinsurance facility agreement valid.