DUAL announce new asset underwriting division

DUAL announce new asset underwriting division

DUAL, the underwriting arm of Hyperion Insurance Group, has launched a new asset protection division, DUAL Asset Underwriting (DAU).

The division provides niche insurance products to protect home buyers, real estate investors and will executors and will be supported by carriers including AA rated Catlin Group.

The initial focus will be to provide insurance solutions to cover commercial real estate transactions, mortgages and inherited assets on behalf of corporate clients.

Phillip Oldcorn will lead DAU as Managing Director with Andrew Hillier as Sales & Marketing Director.

Mr Oldcorn joins from First Title Insurance plc, which he founded in 1995, and where he was Chief Underwriting Officer and Chief Executive Officer.

Mr Hillier is a Chartered Surveyor with over 25 years’ property industry experience.

Shane Doyle, CEO of DUAL International, said: “This marks an exciting step for DUAL into a rapidly growing market, as we continue to diversify our portfolio to meet our clients’ needs.

“Phillip is the leading expert in this class and has created successful legal indemnities businesses in the UK and Ireland, Central and Eastern Europe, Australia and New Zealand and, most recently, in France and Western Europe.

“His legal, commercial and international experience will enable him to develop and deliver these products across our international network.

“With technical expertise and a background in building consultancy businesses, Andrew brings a wealth of commercial knowledge to the team. I am very pleased to welcome them on board.”

The team will be based at DUAL’s head office in London.

General News

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