TYSON INTERNATIONAL COMPANY LTD V GIC RE, INDIA, CORPORATE MEMBER LTD

[2026] EWCA Civ 40, Court of Appeal, Lady Justice Asplin, Lord Justice Nugee and Lord Justice Miles, 5 February 2026

Reinsurance – Binding nature of Market Reform Contracts – Effect of subsequent Reinsurance Certificates – Whether disputes subject to English jurisdiction or New York arbitration – Stay of proceedings – Anti-suit injunction – Arbitration Act 1996, section 9 – Senior Courts Act 1981, section 37

Tyson, a multi-national company operating in the food industry, had a Bermudan captive insurer, TICL. The relevant captive policy insured Tyson against "all risks of direct physical loss of or damage to property" situated in the US or Puerto Rico for the period 1 July 2021 to 1 July 2022.