[2007] Lloyd’s Rep IR 359

Richard Southern Q.C. and Stephen Phillips – Reinsurance – Reinsured entering into agreement with assured to pay proportion of claims – Agreement based on terms of market agreement not involving the reinsured – Without prejudice privilege – Whether offers by reinsurers to settle were admissible in evidence – Whether settlement reached by reinsured – Whether reinsurers bound to follow settlement under follow the settlements clause.