Ignite Specialty Risk launches litigation insurance products in EEA

Ignite Specialty Risk, a provider of litigation risk insurance, has expanded into the European Economic Area (EEA) with the launch of its litigation insurance products, including After The Event (ATE), and single risk and portfolio Capital Protection Insurance (CPI).

These offerings, Ignite stated, strengthen the company’s existing footprint in the United States and the United Kingdom.

The company’s European expansion is in response to the growing demand for litigation insurance, a trend directly linked to the EU’s 2020 representative action legislation.

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.

He continued: “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.”

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