London High Court Sues Insurers

According to Reuters, Dubai Aerospace Enterprise (DAE) has taken Lloyd’s and ten other insurers to court in London.

According to reports, the aircraft leasing company is suing Lloyd’s, AIG, AXIS Specialty Europe, Chubb, Fidelis Insurance Ireland, Global Aerospace Underwriting Managers, Great Lakes Insurance, HDI Global Specialty, Starr Europe Insurance, and Swiss Re.

According to the news agency, information about the High Court case is not yet available to the public.

DAE had written off US$576.5 million for the aircraft, 19 of which are currently stranded in Russia. Its claim is similar to that of another lessor, AerCap, which is seeking US$3.5 billion for more than 100 planes taken from it.

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