Swiss Re, Others, Drop Call for Moscow Aviation Dispute Hearing
Swiss Re is among a growing list of reinsurers to drop its demand that a near $10 billion battle with aircraft leasing companies, seeking payouts for more
Source: insurancejournal.com
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Swiss Re, others, drop call for Moscow aviation dispute hearing
Swiss Re is among a growing list of reinsurers to drop its demand that a near $10 billion battle with aircraft leasing companies, seeking payouts for more than 200 jets stuck in Russia, should be heard in Moscow, court filings show. Swiss Re's decision to accept the jurisdiction of English courts follows a similar decision by peer Chubb late last year as a battle against lessors, including Ireland's AerCap, U.S.-listed Carlyle Aviation Partners and New York and Dublin-based Merx Aviation, heats up. The two heavyweights are among around 35 defendants that will now allow the case to ...
Source: yahoo.com
Plane Lessor Sues Insurers For $28M Over Jet Held In Russia
An Irish aircraft leasing company has sued a Lloyd's of London syndicate and another insurer for $28.7 million in London to cover the loss of a plane detained in Russia following the country's war with Ukraine.
Source: law360.com