[2001] 2 Lloyd’s Rep. 378

Jonathan Gaisman Q.C. and Rebecca Sabben-Clare for the Claimants. Insurance (Marine) – Non-disclosure – Total loss of vessel – Insurers alleged failure to disclose connection with Russian magnate – Enhanced risk to vessel – Whether assured failed to disclose material circumstances.

Insurance (marine) – Utmost good faith – Assured company controlled by controversial Russian businessman – Yacht moored in secured resort in Spain – Whether businessman under threat of physical violence – Whether yacht under threat of physical violence – Whether disclosure of existence of security measures required.