Dual seals £10m capacity deal

Specialist underwriting agency DUAL Corporate Risks has created a strategic alliance with Newline Syndicate 1218 at Lloyds.

Syndicate 1218 will provide DUAL £10m of excess capacity. This is in addition to the £10m programme that DUAL has with Arch Europe.

This deal will enable DUAL to have £20m of capacity on any chosen D&O risk.

Russell Kilpatrick, executive Chairman of DUAL Corporate Risks said: “I am very excited about our new relationship with Newline. This additional capacity furthers our dominance of the mid-market sector and allows our brokers the opportunity to sell more of our quality products. This will provide us with a much broader opportunity to exploit our profitable underwriting model.”

Phil Foley, active underwriter at Newline Syndicate 1218 said “We are delighted with our new association with DUAL. We are impressed with their management, people and products. They have a great reputation in the mid-market segment and we look forward to a long and profitable relationship.”

DUAL has also made four new appointments in a bid to drive both the Newline and Arch programmes:

• Jeremy Isaacs, D&O underwriting manager, who joins from Axis
• James Gill, D&O underwriter, who also joins from Axis
• Oliver Leonard, D&O underwriter, who joins from Howden
• Rob Brooks, FI PI assistant underwriter, who joins from HSBC.

Kilpatrick added: “We have made these appointments to grow and develop our D&O programme. We welcome Jeremy and his team who have a broad range of skills and dynamism to continue the growth for our D&O portfolio.

"The team will focus on product development, technology and transactional efficiencies in order to drive profitable premium growth and continue our quality service offering.”