AIG EUROPE (IRELAND) LTD v FARADAY CAPITAL LTD
[2007] Lloyd's Rep IR Plus 1
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice Morison
Reinsurance – Claims cooperation clause – Reinsured required
to notify losses within 30 days or as soon as reasonably practicable – Claims made
against assured by third parties – Settlement reached between assured – Date of
loss – Whether reinsured in breach of clause.