Gurses, Ozlem and Merkin, Robert
Facultative reinsurance and the full reinsurance clause
Lloyd's Maritime & Commercial Law Quarterly, (3), .
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This article discusses the decision of the Court of Appeal in WASA International Insurance Co Ltd v. Lexington Insurance Co. Although the judgments are relatively short, the case raises fundamental questions about the very nature of reinsurance, with the so-called “orthodox” view, that reinsurance is a further policy on the original subject-matter, being seriously questioned.
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