The UK Commercial Court has rejected a claim against a reinsurance broker which placed reinsurance for coverage of risks relating to the financing and production of motion pictures. When the reinsurers successfully contested claims, the reinsured sued the broker, alleging negligence in the placement of the reinsurance. The Court rejected the claims, holding that the reinsured had failed to prove, inter alia, that the loss for which it sought compensation had been caused by a breach of duty by the reinsurance broker. HIH Cas. and General Ins. Ltd. v. JLT Risk Solutions Ltd., [2006] EWHC 485 (Comm. Ct. Mar. 15, 2006).
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