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W.I.S.E. Underwriting Agency Limited and Dornoch Ltd -v- Grupo Nacional Provincial SA

1st Jul 2004

[2004] 2 Lloyds Rep 483; [2004] Lloyd’s Rep IR 764; [2004] 2 All ER (Comm) 613

Gavin Kealey QC – Reinsurance – Utmost good faith – Cargo insurance – Reinsured stating that clocks were to be insured – Cargo including Rolex watches – Cargo stolen – Whether reinsurers induced by presentation of risk – Whether reinsurers had waived disclosure of inclusion of Rolex watches – Whether policy affirmed


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