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Weekly insurance and reinsurance briefing: Ukraine aviation claims; key EWHC/EWCA judgments; FCA/PRA resilience focus; EIOPA/IAIS updates; Solvency II changes; ESG hydrogen facility; key dates — 4 July 2024

Published on: 04 July 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
  • Market practice
  • Regulation
  • EU Solvency II
  • New and updated content
  • Case trackers
  • Key dates
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

Ukraine conflict

Aviation claims

This week:

  • Chubb has rejected liability to a Bermuda-based arm of a US aircraft lessor in a US$219m dispute over a fleet of aircraft engines left in Russia and Ukraine, saying the planes are not lost and its wording excludes war risk. See News Analysis: Chubb claims no liability in US$219m stranded jets dispute
  • Fidelis Underwriting Ltd argued that the lessor and owners of three aircraft trapped in Russia following the invasion of Ukraine cannot recover US$77.2m from the reinsurer, as they are not insured parties under Russian law. See News Analysis: Fidelis says aircraft lessors not covered under Russian law
  • Fidelis Underwriting Ltd also resisted a further demand for a US$23m payout concerning a leased jet stuck in Russia, contending no insured event has occurred and that an Irish aviation lessor is not protected by that country’s law...

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