Co-insurance — interpretation of a follow clause

In San Evans Maritime Inc & Ors v Aigaion Insurance Co SA, the court held that the defendant following underwriter was required to follow a settlement reached by lead underwriters under a follow clause, despite the following underwriter being excluded from the settlement agreement between the lead underwriters and assureds.

The three preliminary issues tried in this case arise out of a hull and machinery policy covering the vessel St Efrem. On 27 July 2010, the vessel grounded at Paranagua, Brazil, and suffered a generator breakdown. It was then towed to Abidjan, Ivory Coast…

Click on the link below to read the rest of the Taylor Wessing briefing.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer

Overview

5 New Street Square
London
EC4A 3TW
UK
http://www.taylorwessing.com

Turnover (£m): 228.00
No. of lawyers: 860
Jurisdiction: UK
No. of offices: 4
No. of qualified lawyers: 67 (International 50)

Jobs