Underwriting UPC bonds, with data.
Security-for-costs deposits at the Unified Patent Court — ordered amounts, grant rates, forfeiture rates, division-by-division. Built for insurers underwriting R.158 / Art. 69(4) UPCA orders, and for litigation funders pricing recovery exposure.
Two questions underwriters ask first.
What security deposits does the court actually require?
Median ordered amount across the UPC corpus, sliced by division, by case type, by claimant entity (NPE vs. operating company). The bond size you need to collateralize, not the one in last year's textbook.
What proportion ends up awarded to the opposing party?
Realized recovery ratio — share of posted security ultimately consumed by an adverse cost award versus released back to the posting party. Underwriting math depends on this number; nobody else publishes it.
Syntorr v. Arthrex moved the goalposts.
In February 2026, the UPC Court of Appeal eased its acceptance of litigation insurance policies as collateral in security-for-costs orders. The decision opens the door to insurance-backed bonds in a market historically dominated by cash and bank guarantees — and creates demand for structured underwriting data on UPC orders specifically.
↳ Syntorr v. Arthrex · UPC Court of Appeal · February 2026
A purpose-built underwriter dashboard.
- Median, distribution, and currency mix of ordered security amounts.
- Grant rate broken out by division, claimant entity type, and case category.
- Forfeiture rate from posted to consumed-by-cost-award.
- Recent orders feed — every new security order, scored and linked to the underlying decision.
- Per-case profile: status, basis, posting party, decision timeline.