AMERICAN CENTENNIAL INSURANCE CO. v. INSCO LTD.

[1996] LRLR 407

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Mr. Justice MOORE-BICK:

Reinsurance - Excess of loss - Aggregation of claims - Reinsurance in respect of directors, officers and employees of savings and loan institution - Savings institution collapsed - Alleged negligence against officers and directors - Insurers settled claims and claimed against reinsurers - Whether insurers could aggregate claims arising from more than one policy or contract issued to different insureds or reinsureds and present claim as one aggregated claim.