Malcolm Stewart MBA, PhD, FCCA, FRSA. Technical Director


Dr Malcolm Stewart began his career in business interruption at the sharp end when the manufacturing business of which he was the finance director suffered a major fire. Some 20 years later he has amassed considerable experience in the assessment of complex commercial losses and has also expanded this talent to other related claims areas.

Malcolm is regarded as an international authority on litigation funding and is also probably the world's leading authority on fishing claims having represented the majority of Spanish owned UK fishing companies that successfully sued the UK government (settlement of £20m) in the Factortame litigation.

Over the past 15 years Malcolm has represented claimants for every European oil tanker disaster (Braer, Sea Empress etc), devising models for the various fisheries affected and conducting extensive research into market pricing to support claims.


Malcolm has extensive practical and theoretical knowledge of business interruption insurance and claims. He has conducted numerous business interruption workshops for both the Chartered Institute of Insurers and the British Insurance Brokers Association. His paper on business interruption is available on the CII claims faculty website as no 1 in a series of professional pointers.

Malcolm has been part of the centre for risk and insurance studies within the University of Nottingham and was awarded an MBA (risk and insurance) with distinction. "What is a fair price for commercial litigation funding" was the question addressed in his prizewinning MBA dissertation, and he followed this with a part time PhD where his research was "The Regulation of Third Party Funding of Commercial Litigation. He is also highly proficient in the use of IT and statistical tools.

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Pragmaticum Limited is Authorised and Regulated by the Financial Conduct Authority. Ref: 501527

Our People

Michael FoxMichael FoxChairman
Adrian MauriceAdrian MauriceChief Executive
Malcolm StewartMalcolm StewartTechnical Director
Bob HicksonBob HicksonDirector
John Barber - ConsultantJohn BarberConsultant
David GambleDavid GambleBusiness Mentor