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UK & EU Insurance and Reinsurance Weekly Briefing: Ukraine aviation claims, marine insurance, key judgments, sanctions, Solvency II/IRRD, PRA/FCA updates and key dates (25 April 2024)

Published on: 25 April 2024

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

In this issue:

  • Ukraine conflict
  • Cases and decisions
  • Types of insurance
  • Regulation
  • Daily and weekly news alerts
  • New and updated content
  • Case trackers
  • Key dates
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

Ukraine conflict

Aviation Claims (Zephyrus Capital Aviation Partners 1D Ltd and others v Fidelis Underwriting Ltd and others)

On 28 March 2024, in Zephyrus Capital Aviation Partners 1D Ltd v Fidelis Underwriting Ltd, the Commercial Court in the King’s Bench Division of the High Court of Justice of England and Wales dismissed jurisdiction objections brought by overseas reinsurers, who attempted to rely on Russian exclusive jurisdiction clauses contained in their reinsurance contracts with Russian airlines. See News Analysis: What to know about the Russia-stranded plane ruling. See Practice Note: Ukraine conflict—aviation insurance claims, which examines principal areas of dispute arising in claims under aviation insurance policies. It also outlines additional considerations for claims under principal policies and contingent/possessed policies and is produced in partnership with Russell Butland, counsel, and Hugo Flaux, senior associate at Allen & Overy...

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