LLR: Insurance & Reinsurance

John Lockey KC and Professor Robert Merkin KC

Document

RE FRIENDS PROVIDENT LIFE OFFICE

[1999] Lloyd's Rep IR 547

CHANCERY DIVISION COURT OF APPEAL

Before Lord Justice Simon Brown, Lord Justice Chadwick and Mr Justice Rattee

Insurance companies - Reinsurer and reinsured in same corporate group - Reinsurer surrendering reinsurance agreement to reinsured - Whether amounting to transfer of insurance business under Insurance Companies Act 1982, Sched 2C - Whether reinsurance is insurance - Whether approval of court should be given.

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