DUAL North America (DUAL), a unit of UK-based insurance coverage dealer Howden, has launched a brand new surety underwriting division.
The brand new unit presents a variety of underwriting options and experience for purchasers in each business and contract surety traces of enterprise.
DUAL has shaped an alliance with speciality insurer AXIS Capital to supply these companies.
As well as, AXIS Insurance coverage Firm has agreed to supply DUAL with delegated authority for the US surety enterprise.
When mixed with obtainable referral capability, the association presents DUAL and its US purchasers a possible Treasury Itemizing exceeding $100m.
Concurrently, DUAL has introduced the appointment of Mark Farina and Brendan Keating as govt vice-presidents of its surety unit.
Entry essentially the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nevertheless, we would like you to take advantage of
helpful
resolution for what you are promoting, so we provide a free pattern which you could obtain by
submitting the under type
By GlobalData
Farina has greater than 35 years of expertise within the surety trade whereas Keating joins DUAL with over 12 years of expertise.
DUAL stated it has additionally assembled a workforce of 27 surety specialists together with engineers and underwriters.
DUAL North America CEO John Johnson stated: “Getting into the surety market in such a major method represents an essential milestone within the execution of our strategic enlargement and diversification plan at DUAL North America.
“That is an distinctive group of gifted surety trade professionals whose workforce construction of skilled underwriters, subject engineers and authorized consultants gives a uniquely deep in-house experience. In AXIS, we’re partnering with an organization that could be a confirmed specialist market with a powerful world platform and established monetary energy.”
AXIS Capital North America head Mike McKenna stated: “We’re happy to companion with DUAL and its distinctive workforce of confirmed Surety professionals.
“This partnership demonstrates our dedication at AXIS to be a worldwide market chief in speciality insurance coverage, working with educated, skilled companions to develop further options that meet the wants of our purchasers.”
Final month, DUAL Europe launched a new marine underwriting hub within the Netherlands to supply protection in builders’ dangers, ocean and inland hull, cargo and land tools traces.
