Litica
Founded in London in 2019 as a specialist, litigation-focused insurance provider, Litica is a market-leading underwriter of after-the-event (ATE) insurance. Boasting an underwriting panel that comprises the greatest number of legally trained underwriters in the market, the firm has provided more than $2.5bn in insurance capacity to clients across a significant number of jurisdictions. Other insurance products include capital protection insurance (CPI) for litigation funders, adverse cost insurance portfolios, and work in progress (WIP) insurance for law firms acting on contingency. Co-founders and co-managing directors Stephen Bolster and Steve Ruffle are both widely recognised as specialist underwriters in ATE insurance. Nicholas Marler is the principal UK underwriter, working on both an individual and portfolio basis to underwrite complex legal risk. Eliza Finch heads up the risk management team at the firm.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- Litica has successfully carved its position in the market as one of the leading providers of litigation risk capacity. They have built a team with a real depth of experience, which gives them the ability to attract some of the best insurer capacity in this space. Knowing they have that experience means you can have sensible conversations around cover because they understand litigation risk in all its guises. To have that available to us is hugely appealing.
- Litica is the largest provider of litigation insurance in the market by way of insurance capacity available. With that, it allows the team to participate in and structure larger and more complex risks, enabling us as brokers to better assist the clients to whom we look to offer solutions. They are willing to look for commercial solutions rather than putting up barriers.
Key clients
- Shazia Yamin
- Julian Chamberlayne
Work highlights
Mark McLaren Class Representative Limited v MOL (Europe Africa) Ltd and Others (“RoRo”). A Competition Appeal Tribunal claim brought following the ECs decision in Feb 2018 which found a cartel between 2006 and 2012 and fined shipping companies following a finding that maritime car carriers fixed prices, rigged bids and allocated the market for roll-on/roll-off transporter vehicles. It is a follow-on class action brought on behalf of all persons who purchased or financed new cars in the UK between 2006-2015 and required to pay an unlawfully inflated delivery charge as a consequence of that anti-competitive conduct.