Synopsis: The interest that this summer’s English Commercial Court interim decision in Equitas Ltd v Allstate Insurance Company  EWHC 1671 (Comm) (17 July 2008) brought, highlights the death of legal guidance on the mechanisms of excess of loss reinsurance protections for common account. Law and market practice seem unclear as what is intended by these policies, particularly in commercially stressed situations.
Authors: Alex Jenkins
Published: Mealey’s Litigation Report: Reinsurance, Vol 19. #16 December 2008