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After the event (ATE) insurance provider Litica has announced recently passing the significant milestone of insuring £750million of exposure across its book of litigation-based insurance. This announcement comes shortly after the news that Litica has exclusively provided the capacity for a new fund launched by Omni Bridgeway.
Litica, the UK-based provider of commercial ATE insurance, is expanding to Australia. Leading the Australian operations will be Managing Director Philip Lomax, a former investment manager at LCM and Augusta Ventures. Founded in 2019, Litica has quickly established itself as one of the UK's leading providers of commercial ATE insurance through its panel of A rated insurers and will aim to replicate this success in Australia by having an Australian physical presence and locally authorised insurance backing.
Nic Marler is joining Litica as Head of Technical Underwriting. Nic was previously with Harbour Litigation Funding, and before that was a litigator at Addleshaw Goddard and Travers Smith. Eliza Finch has also joined Litica recently, taking the role of Head of Risk Management. Eliza was previously an investment manager at Augusta Ventures and before that was a Senior Associate at Ashurst.

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