HISCOX V OUTHWAITE

(1991) 1 Re LR 99

Queen’s Bench Division Commercial Court

Before Mr Justice Evans

“Follow the settlements” - Ultimate net loss - Longtail asbestos-related liabilities - Payments made under Wellington Agreement - Whether outside scope of aggregate excess of loss treaty - Reinsurers’ assurance that “assent to [Wellington Agreement] will not prejudice [reinsured’s] position - Promissory estoppel - Whether reinsurers precluded from raising any issue as to scope of reinsurance coverage.