INTERMEDIARIES - THE BROKER’S ROLE IN PLACING INSURANCE

(First National Commercial Bank plc v Barnet Devanney (Harrow) Ltd [1999] Lloyd’s Rep IR 43)

In First National Commercial Bank plc v Barnet Devanney (Harrow) Ltd [1999] Lloyd’s Rep IR 43 Mr Justice Gage held that brokers who had failed to procure policy wording intended to protect one of the parties to an insurance contract were not in breach of duty, as the wording in question was superfluous. That ruling has been reversed by the Court of Appeal on appeal in FNCB Ltd v Barnet Devanney (Harrow) Ltd (forthcoming in [1999] Lloyd’s Rep IR).