Howden-owned MGA strengthens cyber binder

Howden-owned Dual has strengthened the scope of its global cyber and technology capabilities.

Backed by a number of A rated capacity partners led by Liberty, the MGA is now able to offer increased primary limits for risks with revenues up to £1bn and enhanced excess limits for risks up to £5bn.

As part of this, Dual UK now offers enhanced cyber risk management offering through services from KYND, a new partner providing active scanning, continuous monitoring and security insights. 

”This expansion creates greater opportunities for broker partners to engage with an extended appetite across a wider range of industry sectors and business sizes in the mid‑market and large‑market segments, while maintaining Dual’s strong commitment to its core SME market,” the MGA said.

Meeting challenges

Stephen Bonnington, managing director for cyber at Dual UK, added: “The cyber market continues to evolve rapidly as technology advances and new vulnerabilities emerge across an increasing attack surface. Our expanded cyber offering positions Dual to meet these challenges head on, delivering greater opportunity for brokers and enhanced protection for clients.

“With an underwriting‑led and technology‑enabled approach, our underwriters now have the power to make faster, more informed decisions while preserving Dual’s longstanding strengths in the SME and lower mid corporate markets.

“As the landscape continues to evolve, we look forward to working with a wider range of brokers to navigate these risks.”

Stephen Tompson, head of supercoverholders at Liberty Specialty Markets, said: “With the technological evolution of artificial intelligence (AI) and increasing use of data centres, the cybersecurity market becomes ever more complex.

”It is therefore critical that customers have access to increased capacity and we are delighted to support Dual with access to capital.”