Read the full judgment text of HCCL 000069/1986 on BabelCite. This HCCL judgment.
1. The Plaintiffs, the Insurance Company of the State of Pennsylvania, (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 second Defendant, to Grand Union Insurance, (Grand Union) the first Defendant. In each case ICSP were reinsurers themselves. The type of business was contractor's all risks, (CAR) and claims were made by the original Insure