Insurance – Contract of insurance. The Commercial Court dismissed the claim of the claimant company, Denso, holding that the defendant company, GL, had no obligation to indemnify it under an after the event policy of insurance. Denso had claimed through Mploy, a company to which the policy had originally been issued, which was presently in liquidation. GL was discharged from liability under the policy because of breaches by Mploy or its agents of conditions precedent upon the policy.