Axa Versicherung v Arab Insurance Group (BSC)

Insurance – Reinsurance. The Commercial Court held that, among other things, the claimant company was not entitled to avoid two reinsurance treaties and could not recover the sum of around US$5.15m paid to the defendant under the treaties because, had a fair presentation of the defendant's position been given, it was not more likely than not that the claimant's representative would have refused to agree the treaties.

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