Fidelis Insurance Holdings Limited expressed disappointment with and disagreement over the English High Court’s decision on a trial related to its aircraft lessor business from 2021 and 2022. The judgment pertains to the ongoing Russia-Ukraine aviation litigation.
The company announced it will be reviewing all available options, including a possible appeal, to address the court's decision. This indicates that Fidelis is actively pursuing avenues to mitigate the financial impact of the ruling.
This judgment confirms the significant challenges Fidelis faces from the Russia-Ukraine conflict, which has already led to substantial reserve strengthening. The outcome has direct implications for the company's financial performance and its efforts to resolve these complex claims.
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