Dual secures fresh capacity from Aspen and Pembroke

Dual Corporate Risks has secured fresh capacity from Aspen Managing Agency Limited and Pembroke Managing Agency Limited for directors’ and officers’ liability.

The two syndicates add to the existing capacity provided by Hiscox Underwriting Limited (Syndicate 3624). The three syndicates provide Dual with £10m of excess capacity in D&O, including employment practices liability, pension trustees liability and corporate liability.

This additional capacity will be used in conjunction with Dual Corporate Risks’ existing Arch/Hiscox facility on an excess, coinsurance or standalone basis.

The new capacity also allows Dual to providing underwriting for clients domiciled worldwide with several additional territories which are excluded under the existing Arch/Hiscox binder.

Russell Kilpatrick, executive chairman of Dual Corporate Risks, said: “This additional capacity represents a fantastic opportunity for us to further our dominance of the mid-market sector and will enable Jeremy and his team to profitably grow our management liability programme whilst maintaining our tradition of providing our clients with access to quality capacity.”

Jeremy Isaacs, underwriting manager for directors’ and officers’ liability at Dual Corporate Risks, said: “These are exciting times at Dual. With our new management liability product and the additional capacity now in place we will continue to grow both regionally and internationally.”