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Community Spotlight: Georgios Tzoumakas, Director of Capital & Investor Relations, Heirloom Fair Legal

By John Freund |

Community Spotlight: Georgios Tzoumakas, Director of Capital & Investor Relations, Heirloom Fair Legal

Georgios is a seasoned finance professional with extensive experience across investment banking, technology, and the Food & Beverage industry. With a strong academic foundation, he holds a master’s in finance from the London School of Economics (LSE) and a master’s in management from Cass Business School, equipping him with deep financial expertise and strategic insight.

He began his career at a boutique investment bank in London, where he honed his skills in deal structuring, financial modelling, and capital markets. His career includes a pivotal role at Diageo, where he contributed to the overall marketing strategy for its premium alcoholic products. He has also been actively involved in the tech space, leveraging his financial acumen to drive innovation and business growth.

Currently, Georgios holds a pivotal role at Heirloom Fair Legal, which specialises in legal financings in the individual and small business consumer claims sector. As the Director of Capital & Investor Relations, he coordinates Heirloom’s co-investment program, allowing families to benefit from Heirloom’s deep experience and expertise. Through his leadership, he helps families who are interested in the sector but don’t have the extensive internal resources needed to learn more about this space and access the opportunities within it.

Heirloom focuses on funding meritorious legal cases and firms with strong recovery prospects, leveraging deep industry expertise and a robust network of legal and financial professionals. Georgios helps co-investors and families understand this unique asset class, which offers attractive, risk-adjusted returns, independent of traditional market cycles.

Headquarters: London, UK

Area of Focus: Family office services, Legal finance 

Member Quote: “Countless claims fail to reach the courts – not for lack of validity, but due to financial constraints and the absence of expert guidance. At Heirloom, we are steadfast in our commitment to advancing access to justice by providing both the strategic expertise and financial backing necessary to bring deserving cases to light. As pioneers in motor finance claims, we are leading the charge in holding institutions to account and ensuring claimants receive the redress they rightfully deserve.“

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John Freund

John Freund

Commercial

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Zurich’s Quarterly U.S. Lobbying Spend Climbs to $660,000 With Funding Disclosure Bill Pending

Zurich American Insurance Company increased its federal lobbying expenditure in the third quarter of 2026, with the Litigation Transparency Act of 2025 among the measures listed in its disclosures.

As reported by Legis1, Zurich reported $550,000 in in-house lobbying expenses for the quarter, supplemented by $60,000 paid to Invariant LLC and $50,000 to Tiber Creek Group Inc. The combined total of $660,000 is $70,000 above the insurer's second-quarter figure of $590,000.

H.R.1109 would require parties in a civil action to disclose any person, other than counsel, holding a contingent right to receive payment based on the outcome of the case, and to produce the underlying funding agreement. The bill was referred to the House Judiciary Committee in February 2025 and its most recent recorded action remains the committee consideration and markup sessions held in November 2025. Its cosponsor count has grown from two at introduction to 28 as of June 2026.

The measure has drawn broad support from the property and casualty sector. A U.S. Chamber of Commerce coalition letter backing the bill was signed by Zurich North America alongside Allstate, Chubb, Liberty Mutual, State Farm and Travelers, as well as the American Property Casualty Insurance Association and the National Association of Mutual Insurance Companies.

Opposition has come from an unexpected direction. Tea Party Patriots Action has urged the House Judiciary Committee to reject the bill, and a donor-privacy coalition including PDE Action has argued it would compel disclosure of private financial arrangements outside the ordinary discovery process without any judicial finding of relevance.

ATE Insurers Expected to Await Manchester City Appeal Before Backing Compensation Claims

Rival clubs, players and agents weighing compensation claims against Manchester City may struggle to secure after-the-event insurance until the club's appeal is resolved, according to a specialist litigation insurance underwriter.

As reported by Insurance Business, Rocco Pirozzolo, managing director and underwriting director at Harbour Underwriting, said the live appeal creates uncertainty that underwriters are unlikely to price. "With a live appeal, this creates uncertainty, and so I expect underwriters would want to wait for the outcome of the appeal," he said.

The Premier League announced on 29 September that an independent commission had found the club in breach of more than 100 of its rules, upholding 114 of the 115 charges brought in 2023 following an investigation that began in 2018. Manchester City lodged an appeal on 1 October and denies wrongdoing.

Pirozzolo noted that Burnley's earlier award against Everton gives underwriters a roadmap for this type of claim, but that tying a rule breach to lost results and lost revenue remains the difficult part. Causation and quantum are the key tests for ATE underwriters assessing whether a claim is insurable.

Arsenal, Liverpool, Manchester United and Tottenham are reported to have lodged notices in 2024 reserving the right to claim compensation, while players and agents are said to be exploring loss-of-earnings claims tied to bonus payments.

A three-member appeal board will hear the case and may dismiss or allow the appeal, remit it to the commission, or alter any sanction. Under Premier League rules the hearing should be held within 12 weeks of being lodged, with a decision due within 30 days of its conclusion.

Omni Bridgeway Reports 3.9x MOIC on A$135.8m of First-Quarter Completions

Omni Bridgeway Limited (ASX: OBL) has reported that it is tracking at or above all of its FY27 operational targets, with first-quarter completions returning well above the funder's recent historical average.

As reported by GlobeNewswire, the alternative asset manager's Investment Portfolio Report as at 30 September 2026 records 20 full and partial completions generating A$135.8m in investment proceeds at a 3.9x multiple on invested capital. That compares with a two-year trailing average of 2.5x, and the completions converted at 102% of carrying fair value.

Management fees rose 24% year-on-year to A$10.7m, and the group received A$9.4m in cash carried interest, with a further A$8.6m accrued on Series II funds but not yet distributed. Omni Bridgeway also completed the final close of its Funds 4 and 5 Series II at the full US$1 billion target during the quarter, which it expects to push management fee growth towards the higher end of its indicated FY27 range.

New commitments totalled A$87.1m across nine new investments, up 23% on the prior corresponding quarter, adding A$81.2m in new fair value. The pipeline comprised 46 agreed exclusive term sheets representing an estimated A$416.6m in potential new commitments, up from A$317.8m a year earlier.

Cash operating expenses of A$15.7m tracked below the FY27 budget range of A$72.5m to A$75.0m, with a cost coverage ratio of 68% for the quarter. Chief Executive Officer Raymond van Hulst pointed to the 46 exclusive term sheets and a significant number of late-stage investments in the portfolio.