Sphere drake v euro international

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August undefined, 2024

WebAug 28, 2001 · Sphere Drake argues that it has placed the making of the agreement for arbitration in issue by showing that the contracts which contain the arbitration clauses are … WebMay 5, 2009 · SPHERE DRAKE INS. PLC v. TRISKO, (D.Minn. 1998) United States District Court, D. Minnesota. If an ambiguity in the language of an insurance contract exists, then the court is obliged to construe the ambiguity against the insurer, and in favor of the insured.

SPHERE DRAKE INSURANCE LTD ODYSSEY RE v EURO INTERNATIONAL …

WebSphere Drake v Euro International Underwriting [2003] All ER (D) 160 (Comm Ct) – PA reinsurance “arbitrage” dispute; PA LMX spiral (12 month Commercial Court trial) Federal Government of Nigeria v Abacha; Compagnie Noga v Abacha 1999-2003; [2001] 3 All ER 513; [2003] 2 All ER (Comm Ct) 915; 935 (CA) – dispute as to settlement of FGN’s ... WebJan 11, 2004 · Sphere Drake's cedents, mostly U.S. life insurers, were not party to the fraud litigation, but legal observers predicted that the London court's ruling would bolster the reinsurer's efforts to... bunkers backpackers stewart island

Sphere Drake Insurance Ltd. & Anr v Euro International ... - Casemine

WebMay 24, 2001 · In January 1997, Sphere Drake issued a binding authority to Horace Holman International Limited ("HHI"), which authorized HHI to accept direct insurance and … WebJun 11, 2009 · Sphere Drake won the case and avoided liabilities totalling some $250mn. At the time of the case, Willis attempted to join the action as a defendant to assist brokers SCB, but were not allowed... WebSep 13, 2006 · In its motion, Sphere Drake asserts that the July 8, 2003 judgment rendered by the High Court of Justice in Sphere Drake Insurance Limited v. Euro International Underwriting Ltd., et al, Case No. 2000 Folio 249, 2003 WL 21729222 (Q.B. July 8, 2003) (the "English Judgment") should be given preclusive effect in this arbitration. halifax groupon

Fraud ruling blames lack of agent control - Insurance Times

SPHERE DRAKE INSURANCE LIMITED v. ALL AMERICAN …

WebDec 14, 2007 · Sphere Drake received claims of more than $250 million as a result of 112 contracts passed to it via the companies for which the four worked. The four men were … WebJul 8, 2003 · Sphere Drake Insurance Ltd. & Anr v Euro International Underwriting Ltd (Revision 1) [2003] Lloyd's Rep IR 525 England and Wales High Court (Commercial … bunkers around the worldWebJul 3, 2001 · A broker called Euro International Underwriting (“eiu”) wrote the reinsurance on Sphere Drake's behalf. eiu had actual authority to represent Sphere Drake, but only up to an annual limit of risks. According to Sphere Drake, eiu exceeded this limit when agreeing to reinsure All American's policies. bunkers and facilities gtao

"Websphere drake insurance ltd odyssey re v euro international underwriting ltd john whitcombe christopher henton stirling cooke brown reinsurance brokers ltd stirling cooke brown … " - Sphere drake v euro international

Sphere drake v euro international

SPHERE DRAKE INSURANCE LTD ODYSSEY RE v EURO INTERNATIONAL …

WebThis multimillion dollar dispute concerns the validity of a reinsurance contract between All American and Sphere Drake. 1 Sphere Drake argues that its broker, Euro International Underwriting (EIU), lacked either actual or apparent authority to bind Sphere Drake to the reinsurance policy. WebNov 4, 1999 · DiMercurio then took his claim directly to Sphere Drake, demanding that the insurer pay the $350,000 judgment. Sphere Drake denied the demand and sought to invoke the arbitration process specified in the policy, which called for arbitration of all coverage disputes in London.

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WebFeb 6, 2002 · Sphere Drake disputes that *882 it has violated any order entered in the Cook County case and further contends that disclosing documents from litigation and … Webcase of Sphere Drake Insurance Limited and Another v Euro International Underwriting Limited and Others [2003] EWHC 1636 (Comm) in which you were a defendant as a result …

WebJul 1, 2003 · For Sphere Drake - now in run-off - the decision is a vindication of its decision to pursue Stirling Cooke Brown (SCB) and the London Market managing agency Euro International Underwriting... WebGet Sphere Drake Ins. Ltd. v. All Am. Ins. Co., 256 F.3d 587 (2001), United States Court of Appeals, Seventh Circuit, case facts, key issues, and holdings and reasonings online today. ... Euro International Underwriting (EIU), to issue reinsurance policies for Sphere Drake up to a certain amount. Purporting to act on Sphere Drake’s behalf ...

WebJan 31, 2000 · An arbitration provision in an international commercial agreement such as the London-issued insurance policy in this case is governed by Chapter Two of the Federal … WebSphere Drake Insurance Limited (plaintiff) hired an agent, Euro International Underwriting (EIU), to issue reinsurance policies for Sphere Drake up to a certain amount. Purporting to …

Webreinsurance. In January 1997, Sphere Drake issued a binding authority to Horace Holman International Limited ("HHI"), which authorized HHI to accept direct insurance and reinsurance business on Sphere Drake's behalf. With Sphere Drake's approval, HHI appointed Euro International Underwriting Ltd. ("Euro") to operate the binding authority.

WebDec 17, 2024 · In contrast, in North Star Shipping v Sphere Drake Insurance [2005] 2 Lloyd’s Rep. 76 the court held that underwriters were entitled to avoid policies in circumstances where there had been a failure to disclose a number of pending criminal proceedings involving allegations of dishonesty against two brothers who owned and managed the … bunkers auto arlington sdWebSep 19, 2003 · Sphere Drake Insurance. Ltd. v. All American Insurance Co., 256 F.3d 587, 590-92' (7th Cir 2001): ("Sphere Drake II"). See also Sphere Drake Insurant LTD. v. ... bunkers at tribute golf course wausauWebJan 11, 2004 · Last July, the London High Court ruled that Sphere Drake had been duped by its own agent, London-based underwriting agency Euro International Underwriting Ltd., … bunkers bar and grill southingtonWebSPHERE DRAKE INSURANCE LTD (FORMERLY (1) SPHERE DRAKE INSURANCE PLC (2) ODYSSEY RE (LONDON) LTD v EURO INTERNATIONAL UNDERWRITING LTD & 6 ORS (2003) PUBLISHED July 10, 2003. SHARE. ... ('LMX'), retrocessional and international "excess of loss" ('XL') business. SD was never told and never understood that gross loss making … bunkers bar and grille in sun city center flWebJul 11, 2024 · Sphere Drake Insurance Ltd and Another v Euro International Underwriting Ltd: ComC 8 Jul 2003 Relationships between Lloyds underwiters and others in the market rather than just names, could also bind the underwriter to a fiduciary relationship. halifax hall hotel sheffieldWebMay 17, 2002 · Plaintiff Sphere Drake Insurance Limited ("Sphere Drake") moves to confirm an arbitration award that invalidated six reinsurance contracts between Sphere Drake and Defendant All American Life Insurance Company ("All American"). All American filed a cross motion to vacate the arbitration decision, arguing that the circumstances reveal: (1 ... halifax growthWebLead partner in the Sphere Drake v Euro International case in the Commercial Court which won the team Litigation Team of the Year; Acting for reinsurers in relation to Unicover and … halifax habitat for humanity daytona beach