AL BUHAIRA NATIONAL INSURANCE CO v ARAB WAR RISKS INSURANCE SYNDICATE

[2026] Lloyd's Rep. IR Plus 12

DUBAI INTERNATIONAL COURT OF FIRST INSTANCE

Before Justice Michael Black KC

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 of insurance on liability for defence costs – Whether notice of claim was in time – Insurance Act 2015 – Institute War and Strikes Clauses Hulls.