Underwriting agency gets approval from Lloyd’s
Specialist underwriting agency DUAL Corporate Risks has received authorisation from Lloyd's to underwrite business domiciled in South Africa and Switzerland on a direct basis through a regulated and approved Swiss broker.
Thanks to the authorisation, DUAL has been able to write business in South Africa and Switzerland since 1 January.
The move allows DUAL to underwrite its financial products - including professional indemnity, directors’ and officers’ liability, bankers blanket bonds and commercial crime -in these two territories.
"This is an exciting new development for DUAL as it enables us to further expand our geographical capabilities by purely using Lloyd's capacity,” said Jennifer Martin, DUAL's underwriting director for financial lines. “South Africa and Switzerland provide excellent opportunities for us, and members of the financial lines underwriting team already have proven experience writing business in these areas.”