Reinsurance Contracts and the Myth of “Automatically” Guaranteed Coverage - Business Law Review View Reinsurance Contracts and the Myth of “Automatically” Guaranteed Coverage by - Business Law Review Reinsurance Contracts and the Myth of “Automatically” Guaranteed Coverage 29 7/8

This case note consists of critical comments on the ruling in Wasa International Insurance Co Ltd v Lexington Insurance Co, AGF Insurance Ltd v Lexington Insurance Co [2007] EWHC 896 (Comm); [2008]EWCA Civ 150 both in the Commercial Court (Queen’s Bench) and in the Court of Appeal and especially on issues such as “back to back” coverage, deductible and defence costs and suggests ways in which insurers can better secure reinsurance recovery.

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