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Lloyd's Shipping & Trade Law

Al Buhaira National Insurance Co v Arab War Risks Insurance Syndicate [2025] DIFC CFI 013

Marine war risks reinsurance

In Al Buhaira National Insurance Co v Arab War Risks Insurance Syndicate , the Dubai International Financial Centre Court of First Instance accepted the expert evidence that: "It is a uniformly accepted market custom in the reinsurance market in the UAE and Middle East that, in the event of a claim under an underlying policy, any litigation fees incurred by a reinsured will be reimbursed by reinsurers, in accordance with their respective shares of the risk". On this ground, a term to that effect was implied in the reinsurance contract as a matter of fact.

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