Insurer Thomas Miller Debuts $1 Billion Litigation Finance Arm (1)

U.K. insurance provider Thomas Miller has acquired litigation insurance firm TheJudge Group and the pair have launched a new litigation finance business with access to $1 billion in capital.

The deal, announced Wednesday, will result in the creation of Erso Capital, which will seek to invest in litigation and arbitration requiring capital commitments from $250,000 to $200 million, the firm said in a statement.

Erso will be led by TheJudge Group founders Matthew Amey, James Blick, and James Delaney. Blick is based in California, Amey is based in London, which is where Delaney splits time between New York. Blick said ...