Q&As

Is there any caselaw on a situation where two insurance policies were taken out with the same insurer in respect of two separate properties on the same land where the court held that the insurer’s losses did not aggregate under the reinsurance policy because they did not arise from the same insured risk?

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Published on LexisPSL on 13/08/2019

The following Insurance & Reinsurance Q&A provides comprehensive and up to date legal information covering:

  • Is there any caselaw on a situation where two insurance policies were taken out with the same insurer in respect of two separate properties on the same land where the court held that the insurer’s losses did not aggregate under the reinsurance policy because they did not arise from the same insured risk?

Is there any caselaw on a situation where two insurance policies were taken out with the same insurer in respect of two separate properties on the same land where the court held that the insurer’s losses did not aggregate under the reinsurance policy because they did not arise from the same insured risk?

See Tokio Marine Europe Insurance Ltd v Novae Corporate Underwriting Ltd.

It was held in that case, however, that the reinsurer was bound to follow its cedant’s settlement and indemnify it on the basis

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