HEATH LAMBERT LTD v SOCIEDAD DE CORRETAJE DE SEGUROS

[2004] Lloyd's Rep IR 905

COURT OF APPEAL

Before Lord Phillips MR, Lord Justice Clarke and Lord Justice Wall

Reinsurance - Marine - Placing broker paying premium to reinsurers - Claim by placing broker against producing broker and reinsured for reimbursement - Running of time for making of claim - Whether action accrued when risk incepted or at end of 90-day credit period granted by reinsurers for payment of premium - Limitation Act 1980, section 5 - Marine Insurance Act 1906.