Case Nos: CL-2022-000294; CL-2022-000557; - [2025] EWHC 2529 (Comm)

Swiss Re

Swiss Re also contended that it was entitled to its costs against Genesis, alternatively against war risks insurers. I consider that it should recover its costs in the same way as the other all risks insurers (ie from D2-D6 and from Genesis in the proportions and way I have set out above). As in the case of the Merx action, however, given what I consider the surprising scale of Swiss Re’s costs attributed to the Genesis action, and in circumstances where its position as an all risks insurer was protected by GAR Insurers, I decline to make an order for a payment on account.