“29 days to go” – Act now

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3 March 2016


Acasta Europe Ltd200Time is running out to arrange After the Event Insurance (ATE) on Insolvency matters that potentially may proceed to litigation. The Government has changed the law and as a result from the 1st April 2016, ATE premiums and success fees charged by lawyers will no longer be recoverable from the opponent when you win your case.

We have launched a product which allow solicitors/IPs to arrange immediate cover on all insolvency files they are dealing with.

In summary, the product offers the following:

  • No proposal form is required – automatic acceptance with no review by underwriters.
  • The policy provides stage 1 cover for £2,500 of adverse costs with a deferred premium of £100 plus IPT.
  • If proceedings are issued a full proposal form must be submitted and stage 2 will be offered subject to assessment.
  • If the premium is larger than the sums recovered, we will not claim the shortfall from the client.

With only 4 weeks left Insolvency Practitioners and Solicitors MUST ACT quickly to arrange cover before the deadline date.

What You Must Do Now

  • Provide us with basic details of all cases on the spreadsheet where you can download below
  • Do this before the 31st March 2016 to ensure the premium is recoverable

Downloadable Documents

What We Will Do

  • Confirm basic cover has been arranged
  • Will provide increased cover as required subject to assessment.

For further details please see the attached and our website:

http://www.acastaeurope.co.uk/professional-insolvency-recover-premium

If you have any queries, questions or concerns please let us know. You can email or call to discuss with our Solicitors in the underwriting team on:

Phone: 0800 668 1350
Email: info@acastaeurope.co.uk

Please do not wait to act as the volume of requests may prevent us from arranging cover within the deadline date.

DDI:  0800 668 1350
Email:  info@acastaeurope.co.uk



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