AIG EUROPE (IRELAND) LTD v FARADAY CAPITAL LTD
[2008] Lloyd's Rep IR Plus 12
COURT OF APPEAL
Before Lord Justice Dyson, Lord Justice Longmore and Lord Justice Thomas
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.