Ignite Specialty Risk

The economics of judgment preservation insurance are being stress-tested in real-time. Recent cases like the fee award reversal for Quinn Emanuel in ACA litigation and the $564M reversal verdict in favour of BMO show how correlated risks can reshape an entire market segment, as outlined in this recent Bloomberg Law article. This situation affects insurers and has far-reaching implications for legal professionals and their clients. With premium costs nearly doubling and coverage options narrowing, we are seeing a paradigm shift in how these vital insurance products are priced and structured. As our CEO Byron Sumner notes, while "attaining coverage is unlikely to ever be as easy as it was recently," the market will likely find its equilibrium as insurers adapt their strategies. Understanding these dynamics becomes essential for effectively advising clients and protecting interests. This is pivotal for those providing legal risk insurance to engage with these changes and adapt accordingly. Read the full article here: https://lnkd.in/ep2eEwvq

The Civil Justice Council (CJC) has today published it's interim report and consultation on Litigation Funding. Whilst the consultation will look into role of Litigation Funders and whether they should be regulated, the review will go much further than this and will examine other methods of funding civil litigation such as CFA's, DBA's, Legal Expenses Insurance (BTE/ATE) and Civil Legal Aid. As an ATE insurer with an extensive portfolio of both commercial and consumer claims, I would encourage all of my network to engage in this consultation and share your views and insights on the current methods of funding civil litigation (and problems with the same). To date, extensive media focus has been placed on the Post Office Scandal. The unfortunate reality is that a number of other groups of individuals, SME's and the like have been subject to substantial injustices and struggled to get Access to Justice. Now is the time to speak up about these litigants. As a member of the wider consultation group to the CJC, I am available to discuss these issues should anyone wish to. #accesstojustice #litigationfunding #ateinsurance #CJC

We're thrilled to announce that Ignite Specialty Risk has been shortlisted for 𝗜𝗻𝘀𝘂𝗿𝗲𝗿 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿 at the upcoming Personal Injury Awards!   At Ignite, we're dedicated to raising standards in the personal injury sector and are proud to support the most vulnerable in society in their pursuit of justice. We work exclusively with solicitors who put their clients' interests first, ensuring they receive the care and protection they deserve.   Congratulations to all the other finalists - we're honoured to stand alongside you. Best of luck to everyone!   #accesstojustice #insurance #insuranceindustry #insurancenews #personalinjury #PIAwards

We thoroughly enjoyed our time at the 𝗣𝗜 𝗙𝘂𝘁𝘂𝗿𝗲𝘀 𝟮𝟬𝟮𝟰 conference in Manchester last week. As proud sponsors, we thank Legal Futures for organising this insightful event. It was great reconnecting with familiar faces and establishing new connections within the community. The discussions were thought-provoking, offering fresh perspectives on the challenges and opportunities in our field. Thank you to everyone who visited the Ignite booth and shared their views on the future of personal injury law. These conversations were truly valuable. The conference reinforced the importance of innovation in our industry. Didn't make it to the event? Reach out to Jamie Molloy and Kyle Stubbs to explore our range of products and services, adaptable to the needs of our varied clientele. #IgniteSpecialtyRisk #Insurance #insuranceindustry #NetworkingOpportunities #personalinjurylaw #PI

🎙️ 𝗡𝗲𝘄 𝗔𝗧𝗘 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 𝗘𝗽𝗶𝘀𝗼𝗱𝗲    Tune in to Part 2 of the Coverex podcast where host Mike Filson interviews Jamie Molloy discussing: How are new ATE schemes underwritten?   Discover the key factors underwriters consider when deciding to provide cover. Jamie breaks down the complex process, offering valuable insights for legal professionals and insurance experts alike.   #ateinsurance #insurance #insuranceindustry #mga 

We are looking forward to connecting with industry leaders over the next few days at the LF Dealmakers NYC edition, proudly sponsored by Ignite Specialty Risk. Ignite's US team, including CEO Byron Sumner, Head of US Operations and Lead Underwriter Nicole Silver, and Chief Underwriting Officer David Green are onsite joining the litigation finance conversation during opening remarks, panel sessions, and one-on-one meetings. #Insurance #NetworkingOpportunities #LitigationFinance #LitigationInsurance #IgniteSpecialtyRisk #ThirdPartyFunding #InternationalDisputes

We are thrilled to be sponsoring the 7th Annual LF Dealmakers Forum taking place September 17-19 in NYC and we invite you to join us. Find out more and register here: https://lnkd.in/ekC5wbC. Seats are limited. LF Dealmakers Forum is an exclusive gathering of top executives and thought leaders in litigation finance, as well as in-house and outside counsel, and other key stakeholders. Widely considered the industry’s go-to event, hallmarks include rigorously researched program content, insightful panels, A-list speakers, networking opportunities, and a curated audience of decision makers. #litigationfunding #legalfunding #LFdealmakers

The countdown is on - Just 1 week until PI Futures 2024! Ready to connect? Reach out to Jamie Molloy and Kyle Stubbs to schedule a meet-up. We look forward to seeing you at the event. #Insurance #NetworkingOpportunities #PI #IgniteSpecialtyRisk

Ignite Specialty Risk is pleased to have supported Why Not Bar and Erich Kurtz of Hugh James in the recent Court of Appeal test case relating to business interruption insurance (BII).   This landmark ruling underscores the importance of fair insurance coverage during unprecedented times.   As specialists in litigation risk mitigation, we're committed to enabling access to justice for businesses, small and large, facing complex litigation.    Interested to learn more about our approach to de-risking litigation? Connect with us to explore how we can support your clients' needs.   #accesstojustice #commerciallitigation #disputeresolution #insurance #litigationfunding 

The Ignite team is getting ready for the 𝗣𝗜 𝗙𝘂𝘁𝘂𝗿𝗲𝘀 𝟮𝟬𝟮𝟰 conference hosted by Legal Futures. We're looking forward to attending the event in Manchester and exploring the latest innovations and insights in personal injury law. If you’re also going, reach out to the Ignite team members Kyle Stubbs and Jamie Molloy to arrange a face-to-face meet up. We hope to connect with you on the 19th September! Event details: https://lnkd.in/dBa4cRRm #Insurance #NetworkingOpportunities #PI #IgniteSpecialtyRisk