ALDRICH, DAY, CIVARDI AND GIBBS v NORWICH UNION LIFE INSURANCE COMPANY LTD (FORMERLY NORWICH UNION LIFE INSURANCE SOCIETY) NORWICH UNION LIFE INSURANCE SOCIETY v QURESHI AND QURESHI HEATH CONSULTING CO LTD (THIRD PARTY)

[1999] Lloyd's Rep IR 453

COURT OF APPEAL

Before Lord Justice Morritt and Lord Justice Tuckey

Property Backed Guarantee Plan for Lloyd’s Names - Life insurance, mortgage and guarantee - Guarantor paying Names’ debts to Lloyd’s under guarantee - Name in default of mortgage and premium payments under Plan - Whether mortgage enforceable - Whether guarantor owed duty of disclosure as to financial position at Lloyd’s - Whether Financial Services Act 1986, section 47 rendered Plan unenforceable or illegal - Whether Plan unconscionable - Whether guarantee void for fraud.