DUAL Ireland opens its doors for business
DUAL Ireland opens its doors for business
DUAL Corporate Risks, a leading specialist directors & officers and professional indemnity underwriting agency for mid-market companies, is to open its Irish branch on 6 October.
The new office in Dublin will be headed up by Brian Martin who joins DUAL from AIG in Ireland. Assuming the role of National Underwriting Manager for Ireland, Brian Martin a PI specialist, will be responsible for the development of DUAL’s Irish business and broker relationships in the region. He will report to Managing Director Mark Bridges and will be supported by the company’s head office in London and its national business unit in Manchester.
Commenting on the announcement, Russell Kilpatrick, Executive Chairman of DUAL Corporate Risks, said:
“Our decision to expand into Ireland demonstrates our commitment to territorial expansion as well as our ongoing organic growth strategy. The market in Ireland has potential and will complement our existing risk profile of providing local solutions in local markets.”
“Brian’s indepth knowledge of the local market, relationship with brokers both in Dublin and across regional Ireland, along with his underwriting expertise will be a great asset to us. We are confident that we will be successful in providing D&O and PI products specifically tailored to meet the needs of the middle market in the region.”
Brian Martin added: “It is with great pleasure that I join the DUAL team to spearhead this new operation. DUAL Ireland will be well equipped to respond to Irish brokers’ needs and I look forward to being able to offer DUAL’s fresh proposition to the Irish broker market.”
DUAL is already recruiting further members for its Dublin team.
DUAL Ireland is located at 33 Fitzwilliam Square, Dublin 2. Tel: +353 (0)1 669 4640 www.dualireland.com
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For further information, please contact:
Michael Gaughan
T: 020 7623 2368
M: 07796 140 963
E: michael.gaughan@fwdpr.co.uk
Note to Editors:
About DUAL Corporate Risk
DUAL Corporate Risks is the UK operation of DUAL International. Established in 1998, DUAL International is the specialist underwriting arm of the Hyperion Insurance Group, focused on underwriting business critical risks including D&O, Professional Liability, Employment Practice Liability, Computer Crime and Fraud. DUAL International has become a well-established and respected leading underwriter with annual gross premiums of US$150 million and now employs over 120 people in the UK, Spain, Germany, Italy, Australia, Hong Kong, the Caribbean and the Americas.
The products offered by DUAL Corporate Risks are:
· Directors & Officers
· Professional Indemnity
· Crime
· Pension Trustee
· Investor Protection
· Office / Contents / EL & PL
About Hyperion Insurance Group
Established in 1994 and headquartered in the City of London, the Hyperion Insurance Group is a fast expanding, independently owned insurance and underwriting company. Since its inception it has grown to become a leading global provider of specialist insurances. Hyperion employs over 550 people in 40 offices operating out of 18 countries. The Group was awarded a Queen’s Award for Enterprise in International Trade in April 2007.
Hyperion was ranked 25th in the 2009 Insurance Times Top 50 UK Brokers league table and 10th in Post Magazine’s 2008 Top 25 City Brokers report. It was also ranked for the second year running in the 2008 Sunday Times Buyout Track 100.
Hyperion is backed by 3i, a world leader in private equity, who in April 2008 acquired a 27% shareholding in Hyperion. With access to 3i’s capital, along with its resources and expertise, Hyperion is looking to continue its fast pace of growth, both organically and through acquisitions. It is also backed by specialist private equity investor, BP Marsh & Partners plc, and Murofo Investments SL.