Insurer will support Tamesis DUAL’s London market business from 1 January next year
AIG has agreed to supply capacity to Tamesis DUAL, the reinsurance business of Hyperion-owned underwriting agency DUAL.
The arrangement will take effect on 1 January next year.
AIG declined to comment on how much capacity it would provide to Tamesis DUAL, which writes specialty excess-of-loss (XL) reinsurance.
DUAL chief executive Shane Doyle said: “We are extremely pleased that AIG has agreed to partner with us on the Tamesis business, and this further enhances our position within the London specialty XL reinsurance market.
“We pride ourselves on the standard of our capacity providers, and this recognition is a great endorsement of the expertise within DUAL.”
AIG’s UK commercial lines executive director Jacqueline McNamee added: “This initiative is further evidence of our ambition to increase our presence in the London market. We are able to bring not only significant capacity to targeted sectors of the London Market but also foster considerable underwriting expertise.”