Tonicstar Limited v (1) Allianz Insurance PLC; (2) Sirius International Insurance Corporation (PUBL) (London Branch) [2017]

Tonicstar Limited v (1) Allianz Insurance PLC; (2) Sirius International Insurance Corporation (PUBL) (London Branch) [2017] EWHC 2753

“An arbitration clause requiring the tribunal to "consist of persons with not less than ten years' experience of insurance and reinsurance" requires first-hand experience in the trade or business of insurance and reinsurance; legal experience alone will not suffice. A Queen's Counsel with over ten years of experience in insurance and reinsurance law was removed by the Commercial Court on the grounds that he was not qualified to act as an arbitrator in that particular arbitration reference, and the respondents were given 30 days within which to appoint a new arbitrator.”

Angeliki Georgouli
E. G. Arghyrakis & Co.
15th November 2017