The 'law of the jungle'?
The infamous 'Aon '77 Cover' court case tested a cedent's duty of care to the limit. However, the final decision now means that underwriters will no longer be able to fall back on the law if their judgement fails them. Dan Silver of Beachcroft Wansbroughs explains
The action Bonner and Others v Cox1 was brought by a number of Lloyd's Syndicates who participated as reinsurers on the 'Aon 77 Cover', under which a large volume of energy business was written. The
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