LLR: Insurance & Reinsurance Plus

John Lockey KC; Professor Robert Merkin KC

Document

EQUITAS LTD AND ANOTHER v WALSHAM BROTHERS & CO LTD

[2014] Lloyd's Rep IR Plus 12

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Males

Reinsurance - Brokers - Recovery of claims and return premiums from brokers - Nature of duty of broker to collect money from reinsurers - Duty of care - Restitution - Whether duty absolute or continuing - Whether compound interest awardable for failure to remit funds - Nature of equitable set-off - Limitation of actions.

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