Dual secures £10m Newline D&O deal
July 15, 2010
SPECIALIST underwriting agency Dual Corporate Risks has continued its recent aggressive growth campaign by striking up a partnership with Newline, the Lloyd’s insurer. Newline syndicate 1218 will provide Dual £10m of excess capacity, in doing so doubling its directors’ and officers’ (D&O) underwriting capabilities. Dual already has a £10m programme with Arch Europe dating back to 2004. 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 syndicate 1218, said of Dual: “We are impressed with their management, people and products. They have a great reputation in the mid-market segment and...