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UK Insurance & Reinsurance Weekly: AerCap stranded jets trial; COVID-19 BI 'at the premises' appeal; UK/EU regulatory updates, key dates and guidance for 10 October 2024

Published on: 10 October 2024

Published by a LexisNexis Insurance & Reinsurance expert
Legal News
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Article summary

Insurance & Reinsurance weekly highlights—10 October 2024

In this issue:

  • Ukraine conflict
  • Coronavirus (COVID-19) business interruption insurance
  • Cases and decisions
  • UK Regulation
  • EU Regulation
  • New and updated content
  • Case trackers
  • Key dates
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

Ukraine conflict

Aviation claims (AerCap Ireland Ltd v AIG Europe S.A. and another) — counsel for leading lessor AerCap told the High Court on 2 October 2024 that there is ‘no room’ for major insurers to decline billion-dollar claims concerning aircraft taken by Russian airlines, as the opening day of a trial expected to serve as a test case for further claims. See News Analysis: AerCap battles insurers over stranded jets as trial begins — at the 3 October 2024 hearing, a cohort of aviation insurers argued that directions from Russian President Vladimir Putin, a political act following sanctions, stopped hundreds of Western-owned planes being returned to their lessors. See News Analysis: Putin seized planes in political act, insurers say at UK trial — at the 7 October 2024 session, insurers additionally contended that after Western sanctions the Russian state did not command the country's private carriers to keep aircraft, but instead enabled the necessary conditions to support that overall legal position...

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