Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

IN RE A COMPANY NO 0013734 OF 1991

[1992] 2 Lloyd's Rep. 415

CHANCERY DIVISION

Before Mr. Roger Kaye Q.C. Sitting as a Deputy Judge of the High Court

Reinsurance - Winding up - Application to strike out - Non-payment of claims by reinsurer - Insolvent reinsured brought winding up petition against reinsurers - Construction of “Ultimate net loss” provision - Whether valuation of contingent liabilities a “loss settlement” or “compromise” settlement” - Whether reinsured provided reasonable evidence of claims - Whether winding up petition should be struck out.

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