Nordic Aviation Capital (NAC) has settled part of its $58 million (€52.62 million) insurance claim over four aircraft beached in Russia following the invasion of Ukraine in February 2022. The Commercial division of the High Court has agreed to strike out proceedings brought by NAC against five insurers: AIG, Chubb, Lloyds (solely in its capacity as a war risks insurer), Fidelis, and HDI Global. The air lessor’s case continues against a number of other insurers including Global Aerospace Underwriting Managers, Berkshire Hathaway, Convex Europe, Swiss Re International, and Lloyds in its capacity as an “all risks” policy provider. Brian Kennedy,…

Special Six Nations offer

Become an annual member today for €200 and receive a free copy of ‘From Rags to Riches; The Irish Men’s Team in the Professional Era’ by Feargal O’Rourke

Subscribe

Cancel at any time.

Are you already a member? .