Judgment in the case of Equitas v R&Q Reinsurance (Brandywine) is expected to be handed down later this month.  In this case, Equitas is attempting to establish R&Q’s liability for a sample of more than 4,000 LMX spiral claims arising out of Kuwait Airways losses during the first Gulf war and the Exxon Valdez oil spill. A key issue before the court is how these claims can be quantified. Equitas’ position is that they can be quantified using complex modelling techniques. If the court accepts the use of modelling in this context, an important legal precedent will be set and many further claims are likely to follow.  We will report on this keenly awaited decision here on InsureReinsure.com.