Dual Corporate Risks is developing a range of financial lines policies in a bid to accelerate organic growth.

Russell Kilpatrick, managing director of the specialist liability insurer, said: "We are looking at the wider aspirations within our mid-market mandate. We want to develop niche financial lines cover."

Kilpatrick said Dual was aiming to launch hedge fund and wealth management cover with an investor risks policy in the coming weeks.

This week the company announced that Martin Joyce was appointed as business development manager to expand its reach in the North. "We have a very strong presence in Manchester, and expect to write £5m of financial lines business out of that office this year," said Kilpatrick.

He added that the insurer had seen a swell of demand for directors' and officers' (D&O) cover in the past year. The business wrote more than £27m GWP in 2005/2006, with D&O accounting for more than 40% of new business.