AEGIS ELECTRICAL AND GAS INTERNATIONAL SERVICES LTD v CONTINENTAL CASUALTY CO
[2007] Lloyd's Rep IR Plus 38
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice Andrew Smith
Reinsurance – Full reinsurance clause – Definition of
risk in reinsurance – Whether definition overriding incorporation of direct
policy wording – Follow the settlements – Whether clause unconditional –
Whether reinsurers bound to accept settlement by reinsured as conclusive of
coverage under reinsurance – Meaning of “explosion”.