One of SSB Law’s litigation funders has launched a £19.5m claim against an after-the-event (ATE) insurer it says did not provide the expected cover for cavity wall insulation claims. Katch Fund Solutions – which was owed £63m by SSB when the firm went bust – has taken an assignment of the claim against Luxembourg company Stonefort Insurance from SSB’s administrators. SSB also failed to adhere to the terms of some of the ATE policies, meaning the insurers then failed to pay out; in some instances, SSB did not tell clients of adverse costs orders made against them. Erich Kurtz, a partner in the Cardiff headquarters of Hugh James acting for Katch, said the claim alleged that the ATE cover “did not provide the protection they were intended to deliver”. Underwriting quality, satisfaction of conditions precedent, and the financial standing of the insurer all require independent scrutiny before capital is deployed.”