Current Law Cases

 

Scope

Case management; Lloyd's timetable for outstanding litigation concerning reconstruction and renewal package

Case

Morris v Society of Lloyd's

Court

(CA) Court of Appeal

Judgment

May 28, 1993.

Judges

Sir Thomas Bingham, M.R.

Legislation

 

Reported

 

Reference

Independent, June 21, 1993 (C.S.)

Abstract

Held, Held: Since the underwriting business was not the source of the recoveries made by Lloyd's Names under their stop loss policies, the recoveries were not subject to the trusts created by cl.2(a)(i) of the Lloyd's Premiums Trust Deed.

Subject

Civil procedure

Keywords

Insurance, Lloyds, Names, Restitution, Underwriting

Counsel

For the appellants; Elizabeth Gloster Q.C. and Mark Havelock- Allan. For the respondents; Thomas Seymour.

Solicitors

For the appellants; Lloyd's Solicitor. For the respondents; Michael Freeman & Co.