Keystone Legal provides the legal expenses insurance that lets individuals and companies take legal action against larger firms or insurance companies with much deeper pockets. Founded in 1988 by managing director Anthony Mowatt, this Hampshire-based niche insurer says it takes on risks that larger insurers often will not touch, because it makes decisions using individual underwriters rather than computer systems. It expects legislative changes due in the spring of next year to result in more work as small companies and individuals find it harder to find support to take legal action. Profits grew 56% a year, from an annualised £2.6m in 2007 to £9.9m in 2010.
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