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ARTICLE · 17 JULY 2014

Insurance And Reinsurance Weekly Update - 8 July 2014

Clyde & Co
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T&N, an English company which was a major producer and distributor of asbestos in the 20th century, entered into a liability policy with its captive insurer.

United KingdomInsurance
Nigel Brook
Nigel Brook
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Welcome to the twenty-fifth edition of Clyde & Co's (Re)insurance and litigation caselaw weekly updates for 2014

A summary of recent developments in insurance, reinsurance and litigation law.

This week's caselaw

  • The Federal Mogul Asbestos Personal Injury Trust v Federal-Mogul & Ors
     A case on whether a non-reinsured can get a declaration of liability against a reinsurer and whether a reinsurer had acted in "businesslike manner".
  • Tokio Marine v Novae
     Court decides whether a retrocessionaire is bound to follow a settlement following an argument that the reinsured had not acted in a businesslike manner.
  • Emirates Trading Agency v Prime Minerals
     A Clyde & Co case in which the court held that an agreement to negotiate in good faith within a limited period is enforceable.

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