Underwriters owe a professional duty of care to Lloyds names in underwriting, even though they were acting as agents.
Citations:
Times 30-Dec-1993, Independent 14-Dec-1993
Jurisdiction:
England and Wales
Citing:
Appeal from – Arbuthnot and Others v Feltrim and Others; Deeny and Others v Gooda Walker Ltd and Others QBD 12-Oct-1993
Lloyds’ names sought damages from their underwriting agents for negligence. The court had to decide as a preliminary issue whether any duty of care arose to the names.
Held: Until 1990, names signed an agreement with a member’s agent who in . .
Cited by:
Appeal from – Henderson v Merrett Syndicates Ltd HL 25-Jul-1994
Lloyds Agents Owe Care Duty to Member; no Contract
Managing agents conducted the financial affairs of the Lloyds Names belonging to the syndicates under their charge. It was alleged that they managed these affairs with a lack of due careleading to enormous losses.
Held: The assumption of . .
Lists of cited by and citing cases may be incomplete.
Agency, Professional Negligence
Updated: 26 October 2022; Ref: scu.77859