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 via a regulated and approved Swiss broker.
The move allows DUAL to underwrite its financial products, including PI, D&O, Bankers Blanket Bonds and Commercial Crime in these two territories.
Jennifer Martin, Dual’s Underwriting Director – Financial Lines, commented: “This is an exciting new development for DUAL as it enables us to further expand our geographical capabilities by purely using Lloyd’s capacity. 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.”
DUAL will be able to write business in South Africa and Switzerland as of 1st January 2011.
Source : DUAL Press Release
