Merx Aviation files suit against Lloyd's and band of specialty insurers
03-01-2023
Yet another aircraft leaser heads to court after $1.6bn Russian loss
01-12-2022
shutterstock/Sergey Chayko
Deucalion Aviation, the aviation asset and investment management business previously belonging to DVB Bank, has filed a suit against ten insurers and ten Lloyd's syndicates, presumably another in the chain of cases for aircrafts stranded in Russia.
KDAC Aviation Finance (Cayman) is bringing the suit. KDAC last posted financial statements for FY2021, noting just one lost aircraft in the subsequent events with a net book value at $11.6 million.
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Insurance, Aviation, Lloyd's, Litigation, KDAC, Chubb, HDI Global, Global Aerospace Underwriting, Starr, Fidelis, Convex, Swiss Re, AXIS, Great Lakes
