NOBLE ASSURANCE CO v GERLING-KONZERN GENERAL INSURANCE CO
[2007] Lloyd's Rep IR Plus 33
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Lord Justice Toulson
Reinsurance – Arbitration – Insurance policy covering
assured and subsidiaries – Loss suffered by subsidiary– Assured issuing insurance
certificate policy after loss – Dispute as to coverage referred to arbitration
– Arbitrators ruling that subsidiary covered under terms of policy and under
terms of certificate policy – Reinsurers bringing action in Vermont based on
validity of certificate policy – Whether reinsurers estopped
from raising issue – Whether anti-suit injunction or declaration should be
granted.