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King -v- Brandywine Reinsurance Co

10th Mar 2005

[2005] Lloyd’s Rep IR 509, [2005] 1 Lloyd’s Rep. 655, [2005] Lloyd’s Rep IR 303, [2005] 2 All ER (Comm) 1, [2004] 2 All ER (Comm) 443

Christopher Butcher QC – Reinsurance – General Corporate Excess policy by Exxon and affiliates – Oil pollution following grounding of Exxon Valdez – Assureds incurring clean-up costs and liability – Settlement of claims by insurers – Whether insurers proving liability at law – Law applicable to GCE policy – Effect of arbitration and service of suit clauses – Whether oil spill amounted to “debris” – Effect of “notwithstanding” clause.

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