(1993) 2 Re LR 111

Alistair Schaff – Aviation reinsurance – Quota share treaties – Whether quota share treaties constituted partnership – Inward excess of loss risk – Whether misrepresentation or lack of fair presentation of terms of contract to underwriter by plaintiffs existed in placing insurance risk – Dispute over way in which terms were expressed – Whether defendants could avoid treaties – Whether plaintiffs could recover US$520,000 already paid out – Whether defendants could recover US$275,000