DUAL has expanded its global cyber and technology capabilities through a revised strategic partnership supported by A-rated capacity partners led by Liberty. The expansion enables higher primary limits for risks with revenues up to £1 billion and enhanced excess limits for risks up to £5 billion.
The company stated that this development creates more opportunities for brokers to engage with a broader underwriting appetite across additional sectors and business sizes. The expansion focuses on mid- and large-market segments while maintaining a continued commitment to DUAL’s core SME market.
Simon McGinn, CEO of DUAL UK, said the company is increasing its capacity to support larger and more complex risks while maintaining established relationships and consistent solutions for insureds.
“As the risk management landscape continues to grow and evolve, we’re increasing our capacity to support larger and more complex risks, while maintaining the trusted relationships and dependable solutions our insureds expect,” McGinn said.
He added that DUAL aims to maintain its position at the top of the global cyber insurance market through new technology partnerships, an expanded appetite, and a reinforced underwriting framework.
“Our focus is to maintain our position of operating at the top of the global cyber insurance market. With new technology partnerships, an expanded appetite, and a reinforced underwriting framework, this is a powerful example of how DUAL is delivering genuinely market-leading solutions,” McGinn said.
Stephen Bonnington, managing director of cyber at DUAL UK, said the cyber market continues to evolve as technology advances and new vulnerabilities emerge across an expanding attack surface. He noted that the enhanced cyber offering positions the company to address these challenges while creating additional opportunities for brokers and increasing protection for clients.
“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,” Bonnington said.
He also emphasized that DUAL’s underwriting-led and technology-enabled approach allows underwriters to make faster and more informed decisions. At the same time, the company continues to support its established SME and lower mid-corporate markets.
“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,” Bonnington said.
Stephen Tompson, head of supercoverholders at Liberty Specialty Markets, said the cybersecurity market is becoming more complex due to advancements in artificial intelligence and increased use of data centers. He added that access to increased capacity is critical for customers and confirmed Liberty’s support for DUAL through access to capital.
“With the technological evolution of 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,” Tompson said.
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