Howden-owned Dual UK acquires London-based MGA

Howden-owned Dual UK has acquired International Passenger Protection (IPP) as it looks to expand in the travel financial failure market.

Founded in 1990, IPP is a London-based managing general agent (MGA) and provides cover against insolvency of travel operators or other related suppliers.

Simon McGinn, chief executive at Dual UK, said that the firm was “recognised as a leader in the travel sector” and that the deal boosts his business’ portfolio.

“As we look at our growth plans, I also see this as a great opportunity to further build the IPP business as they collaborate with colleagues across Dual and the wider Howden business, providing them the opportunity to access Dual’s broker network and carrier partners,” he added.

“I’m looking forward to welcoming all of the IPP team to Dual.”

’Next chapter’

Following the completion of the deal, IPP’s Brian and Paul Mclean will remain in the business.

Brian Mclean holds the roles of chairman and chief executive, while Paul Mclean is currently the managing director at the firm.

“We are looking forward to the next chapter for IPP in Dual,” Paul Mclean said.

“We can already see some of the great benefits of being part of one of the world’s leading MGAs and becoming part of the Howden family.

“Being part of a large organisation will give us access to a network of brokers and capacity to further grow our business. I am confident that being part of Dual will also bring wider benefits to our clients, allowing us to continue offering great levels of service. We’re excited for the future.”