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LLR: Insurance & Reinsurance

HIH CASUALTY AND GENERAL INSURANCE LTD v AXA CORPORATE SOLUTIONS

[2003] Lloyd's Rep IR 1

COURT OF APPEAL

Before Lord Justice Tuckey and Lord Justice Carnwath

Reinsurance - Film finance policies - Warranties in reinsurance that a given number of films would be made - Shortfall in number of films - Consequences of breach of warranty - Whether re-qjinsurers had waived breach of warranty - Waiver by election - Promissory estoppel - Estoppel by convention.

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