Litica Ltd, the leading specialty litigation insurance provider, has recently announced the acquisition of new insurance capacity to support its continued growth and expansion. This move is expected to strengthen Litica’s position in the global litigation insurance market and allow the company to better serve the evolving needs of its clients.
Acquisition of new insurance capacity
Litica’s recent acquisition of new insurance capacity provides the capability to provide up to circa £25million of coverage on a per case basis (the largest in the ATE insurance market) with substantially more cover available on portfolio/wrapper opportunities. This additional new capacity comes from a range of A rated company and Lloyds markets who have agreed to support Litica’s continued growth and expansion.
The additional capacity will also allow Litica to expand into emerging contingent risk litigation markets and provide more customized insurance solutions for its clients. The company’s focus on specialty insurance lines means that they are well-positioned to serve industries that are facing unique and complex risks.
The importance of innovative insurance solutions
Litica’s acquisition of new insurance capacity underscores the importance of innovative insurance solutions in today’s rapidly changing litigation landscape. The company’s recent acquisition of new insurance capacity is a positive sign of its continued growth and commitment to providing cutting-edge insurance products for its clients.