Harbour Underwriting partners with GS Group to provide ATE insurance to Scottish law firms

Harbour Underwriting has partnered with broker GS Group to provide after-the-event (ATE) insurance to Scottish law firms. Both firms said they recognise the need for ATE insurance in Scotland, due to the growing number of commercial disputes post-Brexit and post-pandemic. In recent years, solicitors’ professional obligations in England and Wales have changed, now involving advising the client about the availability of ATE insurance in contemplation of litigation. These obligations have similar application in Scotland, the firms said. Read more.

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Insights

Harbour Underwriting issues cross-undertaking in damages policy to help secure worldwide freezing injunction

Rocco Pirozzolo of Harbour Underwriting reports that in a recent case where a claimant was seeking a worldwide freezing injunction over shares held by some of the defendants, the court accepted a unique insurance policy in place of a cross-undertaking in damages and predicts that this type of policy will become requested more often as litigators and litigation funders become aware of its availability.

In the News

COVID-19 BI test case: “Really disappointing outcome” for businesses

Australian businesses who suffered from COVID-related shutdowns, and the funders looking to back their potential business interruption claims, will no doubt be disappointed to learn that the judgement handed down last week in the second COVID-19 insurance test case favours insurers.

New Fundings

Investor Claim Partner backs Covid claims

Investor Claim Partner (ICP) will be funding a class action in Australia on behalf of business interruption insurance policyholders against insurers that rejected claims for losses following COVID-19 pandemic-related closures.

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