CASE STUDY / PCW SYNDICATES V PCW REINSURERS
CASE STUDY / PCW SYNDICATES V PCW REINSURERS
Ince & Co has considerable expertise not only in the legal consequences of fraud, but in the investigation necessary to uncover such conduct.
In PCW Syndicates v PCW Reinsurers we acted for excess of loss reinsurers in litigation arising out of the alleged misappropriation of premiums. In an important judgment on the law of agency, the Court of Appeal held that an insurer could not avoid a contract of insurance on the grounds of non-disclosure by an agent of the insured of the fact he had been defrauding his principal.