Paper: HIH Casualty & General Insurance Limited (in liquidation) v Wallace & Ors– March 2007
In brief: AAR partner Michael Quinlan(view CV) looks at how the Insurance Act (NSW) applies to reinsurance contracts
Presented in London at the Chartered Insurance Institute Face-to-Face seminar on 28 Mach 2007.
Last year's New South Wales Supreme Court decision, HIH Casualty & General Insurance Limited (in liquidation) v Wallace & Ors, held that the Insurance Act 1902 (NSW) applies to reinsurance contracts, and that as a result an arbitration clause in a reinsurance contract is not binding on the reinsured as a matter of New South Wales law.
For more, download the paper (88KB PDF).
For further information, please contact:
- Michael QuinlanPartner,
Sydney
Ph: +61 2 9230 4411
Michael.Quinlan@allens.com.au