AXA REINSURANCE (UK) LTD V FIELD
(1995) 4 Re LR 384
Court of Appeal
Before Lord Justice Nourse, Lord Justice Staughton and Lord Justice Simon Brown
Reinsurance - Follow the settlements - Construction of clauses - Whether liability of reinsurers had been conclusively determined - True meaning of follow settlements clause, and definition of “each and every loss” - Whether reinsurers bound by decision as to number of claims.