Tepee Holdings Limited

Capturing opportunities in an ever changing insurance market

Background
Tepee Holdings Limited was created in 2019 to act as an introducer, administrator, and Risk Management Consulting platform, specialising in ATE scheme business and related product lines.

Founded by Simon Barnes, Andrew Wesson, and Paul Battagliola, the organisation has a wealth of experience in both the General Insurance and, specifically, the ATE product market.

Tepee Holdings acts as a consultant, linking the risk capital providers, legal tech firms, brokers, and individual solicitors. We do not handle client money or issue policies or bonds.

Our expertise is advising on the design and creation of ATE products, constructing the documentation and wordings, and advising on the validity of claims on behalf of risk carriers.

"Great things are done by a series of small things brought together" - Van Gogh


The After-the-Event (ATE) Market

The UK ATE market is a relatively mature, niche market with two distinct product offerings. These are the general “Scheme” business, consisting of a large number of relatively small but similar cases that can be packaged together, and significantly higher value “one-off” commercial cases with a far higher level of coverage.

Despite these two very different product offerings from an insurance perspective, there has been a tendency in the industry to link them together despite very different levels of indemnity and loss ratios. This failure to differentiate has led to some confusion in the market and this has partly led to the failure of the insurance industry to develop to the levels of capacity required. Furthermore, as a niche product, capacity has also been constricted due to a number of uncorrelated factors:

1.    Insurers have withdrawn from the market to concentrate on core product lines following various recent non-ATE related market losses;

2.    A number of participating insurers suffered losses due to unsophisticated underwriting processes and controls, and incorrect reserving;

3.    The demand for ATE insurance is increasing beyond the current providers capacity as demands, specifically for scheme business/financial mis-selling, grows dramatically;

4.    At the same time, capacity has been further squeezed by the desire for the legal-tech firms to demand “A” rated security.

This has led to a shortage of traditional capacity, both for scheme and single commercial cases.

The total UK ATE insurance capacity is estimated to be in the region of £1 billion, but with a potential market approaching £4bn. The most recent growth areas are in the sphere of financial mis-selling related to mortgages, Personal Contract Purchase (for motor vehicles), mis-sold second charge loans, and GDPR breaches. These are balanced against more traditional lines such as Group Litigation Order Claims.

Our innovative approach, working with Solicitors, Risk Carriers, and Brokers has enabled us to introduce opportunities for new coverage for legal cases.

Product Summary

The initial scheme(s) relates to:


  1. Mortgage Mis-selling;
  2. Secret Commissions;
  3. Interest Overcharging;
  4. Plevin


Other products will be added over time, specifically:


  1. Latent Defect;
  2. GDPR Breaches;
  3. PCP - Motor


We are interested in all ATE opportunities, with the exception of large commercial cases with costs greater than £1m. We believe that our expertise is focussed on the products we offer and have no wish to cover the entire ATE market.


Designed with care and due diligence, the products on which we advise create an opportunity to enter and provide ATE coverage in respect of claims in those fields.


"You can't be at the pole and the equator at the same time" - Van Gogh


Our People
 Tepee Holdings has invested in quality staff, with experience covering ATE and General Insurance, Reinsurance, Legal, Compliance, Finance and Operations, and Business Management.

The main players are:

Simon Barnes - Senior Founding Partner

Simon has held senior board level roles in a number of broking houses, specialising in the reinsurance market where, at Aon, he headed the RI International division prior to joining Andrew in the provision of insurance ATE solutions.

Andrew Wesson - Founding Partner Insurance Operations

Andrew moved to underwriting, where he built his expertise in ATE and associated fields following a successful career in risk management. Andrew has over 20 years experience in insurance and holds an MBA.

Paul Battagliola - Founding Partner Business Operations

A seasoned CFO and qualified accountant, with over 30 years experience in insurance, Paul has held a number of board level CFO and COO roles in the industry. Paul also holds a first degree in Business Studies and an MBA.

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All the members of our team bring specialisms to the organisation and have considerable experience in their own fields and qualifications to back up their “hands-on” experience.

Contact Us

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