How it works
After-the-event (ATE) insurance protects against the downside risk of having to pay an adverse costs order if the policyholder loses its claim. The premium for these policies is either payable upfront or, in the event of a successful resolution, the premium is paid from sums recovered in the case.
Recognizing the disconnect between ATE insurance and large, risky commercial disputes, Burford launched BWIL to address the demand for adverse costs protection among its clients. Burford offers its clients the complete package: Financing for the costs of pursuing the dispute, and insurance policies that protect against the risk of potentially tens of millions in adverse costs in case of loss.