Legal investor seeks UK claims targets

Juridica, an investment vehicle specialising in the law market, has appointed insurance services provider Thomas Miller to provide due diligence services on investment opportunities in the UK and European claims market.

Earlier in the year Juridica announced that it would be increasing its focus on UK and European investment opportunities following an increase in referrals from top 20 UK-based firms. The investor said its relationship with Thomas Miller would enable it to examine a wider range of opportunities and reduce its assessment costs for investments that are lower than its average size. Thomas Miller also plans to co-invest in certain opportunities alongside Juridica.

Thomas Miller provides services to mutuals, specialist insurance sectors, asset managers and wealth creation vehicles. The firm has recently provided due diligence services to insurers that offer after-the-event (ATE) insurance for UK litigation.

“Juridica is always looking for leading subject matter experts to assist us in due diligence on our investment opportunities,” said Richard Fields, chairman and CEO of Juridica’s investment manager, said in a statement. “The Thomas Miller team have established a multi-year, winning track record in their work for ATE insurers and their success has been built upon decades of experience in managing and settling claims for a variety of insurers.”