In the Grip of a Peril - insights into AerCap v AIG and the local implciations of this landmark Decision

Zoom Webinar 2 September 2025

We were joined by Rebecca Sabben-Clare KC, Ben Lynch KC and Alvin Ee to discuss the recent landmark decision of AerCap v AIG (Russian Aircraft Lessor Policy Claims [2025] EWHC 1430 (comm)) and its implications for the Singapore insurance market.

The case arose from the Russian invasion of Ukraine in February 2022, which left Western aircraft lessors unable to recover hundreds of aircraft and engines which had been leased to Russian airlines. The lessors claimed on certain insurance policies but the scope of policy cover was fiercely contested.

In reaching its decision on policy coverage the High Court of England & Wales considered issues such as what principles of construction should be employed by the court when interpreting the policies, the meaning of “loss” and the application of the “grip of peril” doctrine, and the meaning of “proximate cause”. The court also considered whether certain US and EU sanctions prevented insurers from making payment.