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Velos -v- Harbour Insurance

21st Mar 1997

[1997] 2 Lloyd’s Rep. 461

Stephen Phillips acted in this Marine Insurance matter – Entitlement of brokers to retain commision following cancellation of the policy

Insurance (Marine) – Insurance brokers – Commission – Title to sue – Brokers placed plaintiffs’ insurance with underwriters – 12-month policy cancelled after five months – Brokers retained part of return premium as balance of commission due in respect of 12-month policy – Whether privity of contract between brokers and owners – Whether brokers had title to sue – Whether brokers entitled to retain moneys.

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