AL BUHAIRA NATIONAL INSURANCE COMPANY V ARAB WAR RISKS INSURANCE SYNDICATE

[2025] DIFC CFI 013, Dubai International Court of First Instance, Justice Michael Black KC, 9 September 2025

Reinsurance – Marine War Risks – Full reinsurance clause – Insurers avoided insurance policy for breach of duty of fair presentation – Pending proceedings between insurers and assured – Insurers seeking declaratory relief against reinsurers – Insurable interest – Whether insurers in breach of duty of fair presentation – Whether reinsurers liable for defence costs – Effect of avoidance insurance on liability for defence costs – Whether notice of claim was in time - Insurance Act 2015 – Institute War Clauses Hulls

ABNIC, an insurance company incorporated in UAE, insured the vessel Beta for the period 10 June 2018 to 9 June 2019 under separate Hulls and War Risks Marine Policies. The Policies were governed by English law.