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TheJudge is proud to announce that it successfully secured over £12m of litigation insurance on behalf of the RBS Shareholders represented by Stewarts Law, in their rights issue claim against the bank.

As has been reported in various publications, 21 claimants issued proceedings against the bank recently, claiming compensation over an allegedly defective prospectus relating to the bank’s 2008 £12bn cash call.

TheJudge has announced that it syndicated litigation insurance capacity to protect the clients from an adverse costs order. Many believe that the £12m limit of indemnity is the largest single placement within the litigation insurance industry during the last year.

James Delaney, Director, explained that there has been an increase in demand for large indemnities such as this, over the past 12 months. Inevitably, limits as high as £12m require input from a number of insurers, not necessarily due to capacity constraints but more that underwriters wish to share the risk with others.

Dealing with a number of litigation insurance providers can however be tricky, but that is certainly made easier by the involvement of an experienced broker. Delaney explains “it’s never easy syndicating capacity for large limits, as insurers often have their own views over pricing, reporting, policy wording terms and conditions, etc.”

“This policy and a wave of other large limits recently completed for commercial arbitrations and litigation demonstrates that, although litigation funding often grabs the limelight, the insurance market is often the foundation for many claims”.

If you or any of your clients are interested in discussing litigation funding or litigation insurance further, please contact us.