Strategic AFFILIATES
A key advantage to working with Erso for your litigation finance needs is that you can simultaneously benefit from the support and expertise of our strategic affiliate, TheJudge.
TheJudge is widely regarded as one the leading experts in arranging litigation insurance options, whether on a stand-alone basis or working in conjunction with a litigation finance arrangement. Working with Erso and TheJudge provides a complete full-service solution.
In 2019 TheJudge Group was acquired by the Thomas Miller Group, a specialist insurance and financial services business, which currently writes in excess of $1bn USD in premiums a year and has over USD $3.5bn AUM, operating from 18 offices around the world.
Adverse Costs Insurance
If you are involved in a dispute in a jurisdiction where there is a risk that you could be liable to pay the other side’s lawyers’ fees if you lose, then adverse costs insurance is an ideal solution to remove this additional financial exposure. In exchange for agreeing to pay the insurers a premium (which may only be payable if you are successful), insurers providing this coverage agree to indemnify you for the fees you might be liable to pay your opponent should you lose your case.
Security for Costs
In some instances, the opposition might challenge the claimant’s ability to satisfy a cost order should the defendant prevail. This can lead to the defendant seeking an order from the court or tribunal that the claimant should provide some form of financial security (security for costs).
As an alternative to having to lodge large capital sums to satisfy such an order, the insurers providing adverse costs insurance coverage can often provide a suitable financial guarantee directly in favour of the defendant.
If you believe you may require a suitable adverse costs or security for cost solution, then Erso can work with TheJudge to help deliver a complete solution specifically tailored for your needs.
Key advantages of working with TheJudge’s insurance team:
One of the most experienced teams in the world in arranging litigation insurance solutions. The team have received a top rank from Chambers and Partners UK for 5 years.
Access to a panel of international insurers and reinsurers.
Flexible premium options – including options where all or the majority of the insurers’ premium is deferred and contingent upon your case succeeding.
No maximum limits. The team at TheJudge has secured capacity limits exceeding £30m (USD $40m) for a single case and over £100m for a portfolio of cases, as well as secured coverage for smaller cases where the adverse costs exposure is less than £500,000.
