MUNICIPAL MUTUAL INSURANCE LTD. v. SEA INSURANCE CO. LTD. AND OTHERS

[1996] LRLR 265

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Mr. Justice WALLER:

Reinsurance - Indemnity - Time on risk - Reinsurance policies for years 1986 to 1989 - Reinsured indemnified insured for damage to third party’s property occurring during period March, 1987 to September, 1989 - Liability under underlying policy established in 1992 - Whether reinsured claims fell outside reinsurance policies - Whether deductible applicable - Whether reinsured could show into which period of reinsurance claim fell - Whether conditions on giving notice and liability for costs incorporated into reinsurance policies.