ACE INSURANCE SA-NV (FORMERLY CIGNA INSURANCE CO OF EUROPE SA-NV) v ZURICH INSURANCE CO AND ANOR

[2001] Lloyd's Rep IR 504

QUEEN’S BENCH DIVISION (COMMERCIAL COURT) COURT OF APPEAL

Before Mr Justice Longmore Before Lord Justice Kennedy, Lord Justice Rix and Mr Justice Jacob

Reinsurance - Conflict of laws - Action for negative declaratory relief by reinsurers - Service of Suit clause nominating Texas courts - Proceedings commenced in Texas by reinsured - Significance of Service of Suit clause - Law applicable to reinsurance agreement - Whether English court empowered to stay proceedings where seised of action under Lugano Convention 1968.