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Reinsurers Accuse Russian Firm Of Fraud In UK Court

Law360, London (May 14, 2018, 3:58 PM BST) -- Nineteen reinsurance companies have denied owing millions of dollars to Kapital Insurance over a plane crash that killed 45 passengers, alleging at the High Court in London that the Russian company may have secured previous judgments against them through corruption and fraud.

QBE Corporate Ltd., Swiss Re Europe S.A. and more than a dozen other reinsurers filed their defense against Kapital, which they say is “effectively owned and controlled by the Russian state,” at the court on May 11.

The insurers joined forces to reinsure cover...
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