AL BUHAIRA NATIONAL INSURANCE COMPANY V ARAB WAR RISKS INSURANCE SYNDICATE

[2026] DIFC CA 003, Dubai International Financial Centre Court of Appeal, His Excellency Chief Justice Wayne Martin, His Excellency Justice Sir Peter Gross and His Excellency Justice Patrick Anthony Keane, 10 August 2026

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 reinsurers liable for defence costs

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.