DUAL Corporate Risks, the UK’s largest specialist Directors’ & Officers’ and Professional Indemnity underwriting agency for mid-market companies, has reported strong growth for its financial services insurance cover DUAL Focus. The company also expects a significant increase in demand for this range of products in the next 12 months.
DUAL Focus, which was launched in April 2009, specialises in insurance solutions for more complex financial institution based risks, building on what DUAL has historically been recognized for.
In addition DUAL has added its own wording for investment managers as part of an overall initiative to further develop the DUAL Focus product. The new wording was produced in collaboration with specialist insurance legal firm Kennedys, and has already been piloted with four specialist brokers. This latest development will be underpinned by two new appointments, to be announced shortly.
Commenting on the progress of DUAL Focus, Russell Kilpatrick, Executive Chairman of DUAL Corporate Risks, said: “The economic downturn has put the financial services industry under a great deal of scrutiny which has boosted the demand for specialist Directors’ and Officers’ and Professional Indemnity cover. As a result we are on target to write more business for DUAL Focus this year than initially budgeted for and have agreed with our capacity provider Arch, that our premium volumes will be increased from the 1st October.
“Our new wording for investment managers is also a good example of how we are evolving the product to meet the needs of our clients. And with the imminent high profile appointments, clients can look forward to an even more expansive product range with wider expertise at their disposal – which is what underpins the quality of DUAL’s product portfolio.”
