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Faraday Capital Ltd v Copenhagen Reinsurance Company Ltd

19th Jan 2006

[2007] Lloyd’s Rep IR 23

Peter MacDonald Eggers acted in this matter involving power station; property all risks; reinsurance; follow settlements clause; “without prejudice” settlements

Reinsurance – Defendants reinsuring claimants under contract stated to be subject to same terms as original and to follow settlements – Claims made against reinsured by assured settled under a full and final settlement “without prejudice to or waiver of their respective positions” – Whether reinsurers bound by settlement.