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Chubb denies liability for US$219m claim over jets stranded in Russia; English High Court defence: no loss under hull all risks reinsurance, war risks not subscribed, sanctions prevent payment

Published on: 28 June 2024

Published by a Law360 reporter
Legal News
Article summary

In its High Court defence, Chubb European Group SE maintained it has no duty to contribute towards losses sought by WWTAI AirOpCo II DAC in respect of nine aircraft and 14 engines kept following Moscow’s invasion of Ukraine under the policy in question. It further contended that the planes and engines have not, in fact, been lost, and any circumstances that might prompt an indemnity arise from perils beyond the scope of the subscribed cover. The German insurer stated in its 7 June 2024 defence that it 'has not paid any sum to the claimants' regarding the purported loss of the planes and engines. 'That is because Chubb is not liable to do so', the defence states...

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