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Arbuthnott And Others –v-Fagan And Feltrim Underwriting Agencies Ltd And Others; Deeny and Others –v- Gooda Walker Ltd (In Voluntary Liquidation) and Others; Henderson and Others –v- Merrett Syndicates Ltd and Others

25th Jul 1994

[1995] 2 AC 145

Jonathan Gaisman and Christopher Butcher – Lloyd’s – Managing agents – Liability of managing agents to direct and indirect names – Whether law of tort imposed any duty of care upon managing agents not to cause purely economic loss to names – Effect of “absolute discretion” conferred upon managing agents under underwriting agency agreement – Whether managing agents owed names a fiduciary duty.

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