20 Reinsurers Settle Russian Plane Crash Suit With Insurer

Law360, London (March 3, 2021, 6:12 PM GMT) -- Kapital Insurance has settled its High Court claim against 20 reinsurers over who should pay after a fatal jet crash in Indonesia, avoiding a trial scheduled for later this year.

The two sides struck a confidential settlement agreement on Feb. 17, staying all proceedings, according to a Tomlin order signed off by Judge Andrew Foxton on Friday. A 10-day trial had been penciled in for November.

The court was set to hear whether political pressure led judges in Russia to order the reinsurers to pay more than $22 million.

Judge Foxton said Kapital and the reinsurers, which include QBE Corporate Ltd. and Swiss...

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