Read the full judgment text of on BabelCite. was delivered on 16 June 1989.
1. This is an appeal from a decision of Mortimer J given on 22nd November when he entered judgment for the plaintiffs (ICSP) as re-insurers against the defendant (Grand Union) as retrocessionaires. As he put it conveniently at the outset of his judgment: "the plaintiffs ICSP claim as the reassured under two contracts of retrocession. Each contract was contained in a slip broked on the London Insurance Market by Lowndes Lambert Construction Limited, (Lowndes Lambert)" the brokers, and the then se