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Yona -v- LRF

24th Jan 1996

[1996] 2 Lloyd’s Rep. 84

Sioban Healy acted in this Political risks matter. Insurance; reinsurance; agency

Insurance (CEND) – Indemnity – Political risks – Plaintiffs lost investment in timber concession in Liberia resulting from overthrow of government by insurrectionary movement – First defendant and other insurance companies formed pool – PARIS underwrote on behalf of pool – Scope of PARIS’ authority to act on behalf of pool – Whether PARIS gave second defendants authority to offer pool to plaintiffs as insurers – Whether PARIS had authority to do so – Whether plaintiffs entitled to be indemnified for loss.