No Reinsurer Spiking Allowed – Now Settled English law: Equitas and MMI Supreme Court case is settled
The case between Equitas and Municipal Mutual Insurance (MMI) has been settled, bringing to an end a dispute that was due to be heard by the UK Supreme Court this week. Last year’s ruling by the Court of Appeal therefore stands as settled law. This is an important victory for reinsurers with similar inwards exposures.