Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd's of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19 aircraft stuck in Russia.
The High Court claim also names Fidelis Insurance Ireland, HDI Global Speciality, Abu Dhabi National Insurance Company, Great Lakes Insurance, Global Aerospace Underwriting Managers, Starr Europe Insurance and Axis Speciality Europe.
A spokesperson for Lloyd's said the insurer was "not at liberty to share information on any specific claim, policy or policyholder." Munich Re, Great Lakes' parent, AIG and Swiss Re declined to comment.
