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American Centennial Insurance Co. -v- Insco Ltd.

30th Jul 1996

[1996] LRLR 407

Rebecca Sabben-Clare – Reinsurance – Excess of loss – Aggregation of claims – Reinsurance in respect of directors, officers and employees of savings and loan institution – Savings institution collapsed – Alleged negligence against officers and directors – Insurers settled claims and claimed against reinsurers – Whether insurers could aggregate claims arising from more than one policy or contract issued to different insureds or reinsureds and present claim as one aggregated claim.