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LLR: Insurance & Reinsurance Plus

OCEANUS CAPITAL SARL v LLOYD’S INSURANCE CO SA (THE “VYSSOS”)

[2026] Lloyd's Rep. IR Plus 2

KING’S BENCH DIVISION (COMMERCIAL COURT)

Before Sue Prevezer KC, Sitting as a Deputy Judge of the High Court

Insurance (marine) – Mortgagee’s Interest Insurance – Nature of interest under MII policy – Proximate cause of loss under MII policy – Privity of assured – Fortuity – Marine Insurance Act 1906, sections 14 and 39.

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