We are an Australian based specialist insurance broker. We provide assistance and advice to arrange finance for legal disputes. Such finance can be provided to individuals and/or businesses.
There are several different forms of financial assistance for litigation. We specialise in advising on and arranging Third Party Funding (“TPF”) and After the Event (“ATE”) insurance.
TPF in basic terms, is where an investor provides finance to an individual or business to fund a legal dispute in return for a share of the proceeds recovered. The arrangement is on a non-recourse basis. Where there is no recovery, the funder loses the monies they have invested in the legal dispute and has no recourse against the relevant individual or business.
ATE insurance is another option for transferring the financial risks of a legal dispute and can be obtained as a standalone product as well as in conjunction with TPF. In its simplest form, it is an insurance policy taken out after a dispute has arisen and provides cover against an opponent’s costs. ATE insurance can also be extended to cover own costs.
The premium for an ATE insurance policy may be payable either upfront or contingent on the successful outcome of your legal dispute. Where the premium payable is contingent and you are unsuccessful in your legal dispute, in most cases the premium will not be payable.
ATE insurance can also be used to fulfil security for costs and thus an alternative to a payment into court.
The litigation funding and insurance markets exist to help clients who either lack the funds to pursue a legal case or who have the funds but would like to reduce or eliminate the risk.
Both ATE insurance and TPF are widely accepted and utilised products for managing dispute risks. They are utilised in a number of different jurisdictions around the world including the UK, US, Canada and a number of European countries.
We work with a number of TPF and ATE insurers and can arrange litigation finance for disputes ranging from small business disputes to complex commercial disputes.
Please note, Vie Insurance Pty Ltd (AFS Representative Number 1263727) is an Authorised Representative of United Insurance Group Pty Ltd (Licence Number 327131)
What We Do
We work closely with you and your legal team to put in place insurance and/or funding arrangements to limit as much as possible your financial exposure in bringing your legal claim.
Where you do not have a legal team then we can help put you in contact with a law firm who may be able to assist in assessing the merits of your claim.
The litigation funding and insurance market exists to help clients who either (i) lack the funds to pursue a legal case, or, (ii) who have the funds but would like to reduce or eliminate the risk with the assistance of a third party funder or insurer.
Our aim is to reduce or eliminate the financial risk of litigation for our clients, protecting them from an adverse costs order and enabling them to move forward with their legal case. We have strong relationships with the leading insurers allowing us to source competitive terms from the market.
We have contacts with a number of specialist litigation funders and insurance companies who reduce or eliminate the risks of pursuing a claim. We can arrange litigation insurance ranging for small business disputes to complex commercial disputes and provide cover ranging from $100,000 to several million dollars.
ATE Insurance and Funding
As part of our service, we will assist you as follows:
- Identifying the potential financial risks of your claim and explaining the funding potentially available to you.
- Guide you through completing the insurance and/or funding application form(s).
- Assist in compiling the supporting documents to your application and presenting them in a clear and concise manner.
- Carry out an extensive search of the funding and insurance markets to obtain several quotes, where possible.
- Make comparisons and recommendations based on the quotes received from relevant providers including negotiating such
- Assist in accepting and finalising the terms.
- Acting as a point of contact for the ongoing management of the arrangements in place including assisting with any claims
under any relevant insurance policy as well as notifying you of impending reporting requirements.
Please note, we do not typically charge you directly for assisting and/or arranging insurance. Instead, we generally receive a commission from the relevant funder or insurer where terms are agreed.
If you are unhappy with any part of the service we provide you, please contact us in the first instance and we will seek to resolve the same. Vie Insurance takes all complaints very seriously.
If you are not entirely satisfied with the outcome of your complaint then please let us know and we will refer your complaint to our Australian Services Licence Holder, United Insurance Group Pty Ltd (“UIG”). You can also refer your complaint to UIG directly by contacting Trevor Howard on telephone number 03 8676 0344 or by email [email protected]
United Insurance Group Pty Ltd (“UIG”) is a member of the Australian Financial Complaints Authority (“AFCA”) a free consumer service.
If your complaint cannot be resolved to your satisfaction by UIG, you have the right to refer the matter to AFCA. AFCA can be contacted at GPO Box 3, Melbourne 3001 (mailing address), phone on 1800 931 678, email [email protected] or website www.afca.org.au.
Further information about the AFCA consumer service is available from UIG’s office, or contact AFCA directly on 1800 931 678 or visit www.afca.org.au.”
Meet the Team
Sarah has worked in the insurance industry for most of her career and has extensive experience in funding and insurance arrangements. Sarah qualified as a Solicitor in England and Wales and has worked as Legal Counsel/Group Insurance Manager at NCC Group, Legal Counsel/Insurance Underwriter at AmTrust Europe and as a Senior Commercial Litigation Solicitor for the defendant insurer firm DWF LLP. Sarah was also a Director of another specialist insurance brokerage in Australia.
M: 0432 041 990
David started his early career in the IT industry as a mainframe computer operator. Fast forward a few years and he had successfully set up and sold his own data preparation services business. He was a Sales Manager then Director then Group Managing Director for Ferrari Computer Group.
In 1986 David joined Azlan Group Plc as Managing Director, took it to being a market leader, secured venture capital and orchestrated a management buy-out for 6 million pounds in July, 1991. Then, in November 1993, he floated Azlan on the London Stock Market with a value of 51 million pounds. For this achievement, he won the Entrepreneur of the Year Award in 1994, sponsored by the British Venture Capital Association and the Financial Times.
In 1997 David relocated to Australia where he was integral part of raising, building and selling early stage companies including Entelec Systems. He is now a non-executive director of Warratek (cyber security software developer), Central Innovation (software design specialist) and Vie Insurance.
Level 35, Tower One Barangaroo,
International Towers Sydney,
100 Barangaroo Avenue,
T: 02 80466861
Vie Insurance Pty Ltd (AFS Representative Number 1263727) is an Authorised Representative of United Insurance Group Pty Ltd (Licence Number 327131)