[2000] Lloyd’s Rep IR 81; [1999] 2 All ER (Comm) 123

Dominic Kendrick QC Christopher Butcher – Insurance (Loss of profits) – Primary policy containing “one show deductible” – Deductible buy-back policy applicable only where primary insurers not liable by virtue of deductible – Concert cancelled due to ill-health – Rescheduling of concert causing cancellation of second concert – Claim against deductible buy-back insurers – Whether loss excluded from primary policy by reason only of deductible – Whether deductible prevented recovery under primary policy.