A Lloyd’s of London syndicate has lost a key appeal arising from the Exxon Valdez tanker spill more than 15 years ago.
Three London appeal court judges have ruled against David King’s syndicate 745, which has fought a long and costly retrocessional dispute against the run-off company, Brandywine Reinsurance.
In a 25,000 word ruling the appeal judges refused to overturn a May 2004 judgment by Justice Colman relating to excess of loss claims arising from the Prince William Sound spill.
