Underwriting agency hires Glacier MD to run unit
Specialist underwriting agency DUAL Corporate Risks has launched a new property and casualty (P&C) division with initial capacity to be provided by Lloyd’s insurer Amlin. DUAL has hired Steven Price, former managing director of insurer and reinsurer Glacier Group, to run the new unit.
The new division will offer a range of P&C products to the UK and international markets and will focus on specific segments by developing the relevant underwriting expertise.
“This is a significant development for DUAL and we are introducing property and casualty products to complement our successful PI and D&O offering,” said Russell Kilpatrick, executive chairman of DUAL Corporate Risks, in a statement. “The range of products will be available to all of our brokers and initially we will offer simple products to demonstrate our capabilities whilst finalising a more extensive product range.”
He added: “Launching a P&C division is a natural extension for DUAL as it broadens our offering whilst building and capitalising on our existing successful and profitable business model.”
According to Price, the new P&C products will initially be available to DUAL’s 200 UK-based brokers, but will not be restricted to the UK in the longer term.
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