DUAL has expanded its global network and technology capabilities through a revised strategic partnership supported by Class A capacity partners led by Liberty, enabling higher primary risk limits, revenue of up to £1 billion and increased risk excess limits to £5 billion.
The company explained that the expansion creates additional opportunities for the broker to serve the broader needs of more industries and business sizes in the mid-to-large market segment, while maintaining a strong commitment to its core small and medium-sized enterprise market.
Simon McGinn, CEO of DUAL UK, commented: “As the risk management landscape continues to grow and evolve, we are increasing our ability to support larger and more complex risks, while maintaining the trusted relationships and reliable solutions that insureds expect.
“Our focus is on maintaining our leading position in the global cyber insurance market. With new technology partnerships, expanded demand and an enhanced underwriting framework, this is a strong example of how DUAL delivers truly market-leading solutions.”
Stephen Bonnington, managing director of cyber at DUAL UK, said: “The cyber market continues to evolve rapidly as technology advances and new vulnerabilities emerge with ever-increasing attack surfaces. Our expanded cyber offering enables DUAL to address these challenges head-on, providing greater opportunities for brokers and better protection for clients.
“Through an underwriting-led and technology-enabled approach, our underwriters are now able to make faster, more informed decisions while retaining DUAL’s long-term advantage in the SMB and lower-to-mid-enterprise markets. As the situation continues to evolve, we look forward to working with the broader brokerage base to address these risks.”
Stephen Tompson, director of Supercoverholders at Liberty Specialty Markets, added: “The cybersecurity market is becoming increasingly complex as artificial intelligence technology develops and data center usage increases. It is therefore vital that customers gain access to greater capacity and we are delighted to be able to support DUAL with funding.”
