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ARTICLE · 13 OCTOBER 2014

Insurance And Reinsurance Weekly Update - 30 September 2014

The insured's claim for damages (after its insurers refused to pay) failed in English court proceedings.

United KingdomInsurance

Starlight Shipping v Allianz

Whether the reference to "Underwriters" in a settlement agreement included a reference to employees and agents

http://www.bailii.org/ew/cases/EWHC/Comm/2014/3068.html

Clyde & Co (Mike Roderick Angela Haylett and Sophie Shiffman) for certain parties

This case has been previously reported in Weekly Updates 46/11, 46/12, 40/13 and 28/14. The insured's claim for damages (after its insurers refused to pay) failed in English court proceedings. The parties then entered into two settlement agreements which provided for English law and jurisdiction and contained an indemnity agreement, whereby the insured agreed to indemnify the insurers against any claim brought by the insured's companies. Three years after the settlement, the insured commenced proceedings in Greece against the insurers, seeking compensation for loss of hire and loss of opportunity. The insurers commenced proceedings in England alleging a breach of the settlement

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