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Kirsten Ridley and Carolyn Cohn
LONDON (Reuters) – Aircraft lessor Dubai Aerospace Enterprises (DAE) has filed a lawsuit in London against 11 insurers, including Lloyd’s, AIG, Chubb and Swiss Re. .
The High Court’s argument also names Fidelis Insurance Ireland, HDI Global Specialty, Abu Dhabi National Insurance Company, Great Lakes Insurance, Global Aerospace Underwriting Managers, Starr Europe Insurance and Axis Specialty Europe.
A Lloyd’s spokesperson said insurers “are not free to share information about specific claims, policies or policyholders.” Great Lakes’ parent companies Munich Re, AIG and Swiss Re declined to comment.
Other insurers and the DAE did not immediately respond to requests for comment.
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But after Western powers imposed sanctions on Russia over the war in Ukraine and Moscow blocked jet departures, the lenders lost control of more than 400 leased aircraft worth about $10 billion, so the insurance I vowed to pursue the company.
The claim is filed in London four months after Dublin-based AerCap, the world’s largest aircraft lessor, filed a $3.5 billion insurance lawsuit against more than 100 jets seized in Russia. it was done.
DAE announced in August that it had written off $576.5 million of aircraft, and said in its August half-year earnings report, “We have no way of determining whether these aircraft will be returned at some point in the future. ‘ said.
“The Group has insurance under a number of policies relating to the aircraft in question and the Group has filed claims to recover amounts due under the policies,” it added.
Details of the complaint filed last week have not yet been made public.
(Reporting in London by Kirstin Ridley and Carolyn Cohn; Additional reporting by Noor Zainab Hussain in Bengaluru; Editing by Matthew Lewis)
Copyright 2022 Thomson Reuters.
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