CAC, part of The Baldwin Group, has opened a London office for its contingent risk practice, appointing Nick Moore to lead the expansion into the UK and Europe.
Moore joins as senior vice-president and head of the London contingent risk office. He brings more than 15 years of experience across litigation, arbitration, legal asset investments, and contingent risk management.
Moore qualified as a solicitor with CMS Cameron McKenna in London, specialising in insurance and reinsurance disputes and commercial litigation. He later held senior investment roles in litigation finance at Therium Capital Management, where he originated and managed high-value litigation and arbitration investments across multiple sectors.
Most recently, Moore led litigation and contingent risk work across the UK and EMEA at a global insurance broker.
England and Wales ranks among the most developed markets in Europe for litigation insurance.
Industry estimates put the UK litigation funding market at approximately £400 million to £650 million in gross written premiums annually. The ATE insurance market generates a further £200 million to £275 million.
The wider European market is growing rapidly. A European Commission mapping study published in March 2025 identified nearly 300 active funders in the EU, with investment exceeding €3 billion and projected to reach €7 billion by 2032.
A record 133 class action claims were also filed across Europe in 2023, a 93% rise since 2019, with opt-out cases now outnumbering opt-in actions.
The new Product Liability Directive, set for 2026, is expected to broaden liability definitions further and expand disclosure requirements across digital and software-related risks.
Independent forecasts point in the same direction. Gallagher’s 2025 review of the global M&A insurance market found that the contingent risk insurance market is set to play a greater role in 2026. Rising transaction complexity, reduced liquidity, and growing cross-border demand are the main drivers.
Andrew Mutter, EVP and head of contingent risk insurance at CAC, said the firm’s clients operate across multiple geographies and their exposures reflect that. He added that Moore’s background across law, litigation funding and broking made him the right choice to lead the expansion.
CAC’s contingent risk team has placed more than $6.5 billion in insurance limits to date. The London office will offer the full range of the firm’s contingent products, including ATE insurance, capital protection insurance (CPI), law firm insurance-backed financing, secondary market trade coverage and adverse judgement insurance (AJI).
Michael Wakefield, EVP and transactional liability practice leader at CAC, said the London launch builds directly on the firm’s established US platform.
“Combined with our Representations and Warranties and Tax Insurance capabilities in the US, and the strong partner relationships that support those lines internationally, we can offer clients a comprehensive Transactional Liability solution regardless of where they operate,” he said.
Moore said the UK’s legal and financial infrastructure made London the natural anchor for the expansion.
“We have a significant opportunity to establish a new benchmark in the UK, broadening access to specialist insurance capital and bringing additional product innovation, technical expertise and regulatory understanding to support established market participants and first-time users of litigation insurance alike,” he said.
