Capital Law has been selected as the preferred external legal provider for the world's first authorised accelerator for InsurTechs, InsurTech Gateway, which has been launched to support start-up businesses across the sector.

Under this new agreement it will provide legal services to the Gateway's portfolio of InsurTech clients, helping them to overcome their growth hurdles with unique insurance expertise and legal advice.

The Gateway currently has three early stage InsurTech start-ups in its repertoire, with plans to take on five more this year.

The news is the latest accomplishment for the award-winning law firm which is celebrating a milestone year.

Capital Law is about to reach record staff numbers as it prepares to hit 150 employees and client numbers have surpassed 1000 in one year.

"The InsurTech Gateway is a thriving, dynamic and novel accelerator, providing participants with immediate access to capital and insurance capacity,” said Nick Pester, head of InsurTech at Capital Law.

“We're very pleased to work with InsurTech Gateway - other firms were pitching for the legal provider role, so it's a real achievement for us.

“We look forward to developing long-term relationships with some of the most cutting edge early stage InsurTech businesses."