By Legal Futures Associate Ignite Specialty Risk
Ignite Specialty Risk, a leading provider of litigation risk insurance, has announced its expansion into the European Economic Area (EEA). This move will make its products – including After The Event (ATE), and single risk and portfolio Capital Protection Insurance (CPI) – available for insureds in the EEA. These offerings build on Ignite’s established presence in the United Kingdom and the United States.
The expansion will address increased demand for litigation insurance in Europe, driven by new legislation enacted by the European Union in 2020 that provides for representative action. This development underscores Ignite’s commitment to addressing the evolving needs of businesses and legal professionals in the region.
Jamie Molloy, Head of ATE and Co-founder, Ignite Specialty Risk, said: “Expanding into the EEA is a significant next step for Ignite. The growing demand for specialist litigation insurance in the region reflects the increasing importance of accessible risk-transfer solutions.”
“Building on our US expansion in 2024, we are thrilled to bring our innovative products to EEA-based insureds,” commented Byron Sumner, CEO and Co-founder, Ignite Specialty Risk. “Last year, US-based institutional financiers and law firms began using our products to facilitate meaningful risk transfer and improve access to justice. By entering the EEA, we aim to deliver customised solutions that address the unique challenges of cross-border disputes. This strategic step reinforces our commitment to empowering businesses and legal teams with the tools to manage litigation risks effectively.”
