A groundbreaking after the event (ATE) insurance facility for Stewarts’ commercial clients.
Stewarts Litigate is a solicitor unique facility to rapidly provide Stewarts’ commercial disputes clients with a market-leading policy wording to reduce the risk of litigation costs.
Stewarts has a groundbreaking after the event (ATE) insurance facility with Arthur J Gallagher UK Limited. The facility, designed to work alongside Stewarts’ alternative funding agreements, provides a solution that balances the risk, cost and impact of commercial disputes and enables Stewarts’ clients to litigate, arbitrate or negotiate their disputes from a position of financial strength.
The facility benefits include:
- Rapid process to incept high level indemnities of up to £4m in 3 business days and up to £32.5m within 10 business days at pre-agreed market leading rates: giving more certainty when structuring case finance.
- Insurers: underwritten by a panel of A / A- rated insurers reducing the scope for conflict or aggregation issues (independent rating from third party rating agencies as at Jan 14th, 2025).
- Low cost at inception: paid premiums are lower than typical ATE market premiums.
- A market-leading policy wording: wide-ranging cover to clients for disbursements (e.g. clients’ barristers’ and experts’ fees) and opponents’ costs.
- Deferred and contingent: the majority of the premium is only payable from proceeds actually recovered if and when the case is won and is at a pre-agreed market-leading rate.
- Confidentiality: insurer conflict checking is completed within 1 business day, prior to sending client confidential documents to the insurers via a secure file sharing portal and subject to a robust NDA.
- International clients: leveraging Gallagher’s global reach to ensure permitted arrangements are available for Stewarts’ clients domiciled in a range of jurisdictions.
- International cases: policies are available for Stewarts’ cases in a wide range of jurisdictions and International Arbitration centres.
- Variety of complex commercial disputes: this facility covers most disputes undertaken by Stewarts commercial disputes practice areas including commercial litigation, competition, fraud, insolvency and asset recovery, international arbitration, securities, trust and probate.
- Market knowledge: policies accessed through Lloyd’s of London insurance broker Arthur J. Gallagher, a US$71 billion market capitalised company (as at Jan 14th, 2025). The Gallagher Litigation Practice has been recognised as Band One in Chambers in 2024.
Arthur J Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC3N 8AW. Registered in England and Wales. Company Number 1193013. www.ajg.com/uk
-
Litigation Costs and Funding Expertise
"In the big-ticket, conflict-free commercial litigation space, the firm is superb; it has an excellent range of strong litigators with top-level experience that allows them to go toe-to-toe with the Magic Circle."
The Legal 500
"Firm with a strong reputation for representing claimants in high-profile litigation"
Chambers