DUAL ANNOUNCES LAUNCH OF NETHERLANDS MARINE OPERATIONS

13 April 2015

DUAL, the underwriting arm of the Hyperion Insurance Group, is pleased to announce the opening of its first Netherlands office. The Rotterdam office will initially write Marine and Energy lines with DUAL’s complete suite of products added over time. The underwriting team will be led by Harry Mulder, a leading figure in the Netherlands market.

DUAL Netherlands forms part of the Group’s new Global Marine and Energy Practice led by Bernt Hellman. DUAL’s global Marine and Energy business is backed by CNA Hardy’s Lloyd’s syndicate and other Lloyd’s markets.

Harry has extensive experience across this class of business having occupied a number of industry positions including Chairman of the Marine Committee of the Dutch Association of Insurance and Chairman of NBKB, he is also a former Chairman of the IUMI IFY Committee. The team also includes Senior Underwriter, Abdes El-Häidouri, a well-respected underwriter in the Dutch marine market, and Claims Manager Frenk Villerius, who has over 20 years’ marine claims experience and is a member of the IVR Technical Claims Committee.

CNA Hardy joins The DUAL Group’s panel of over 30 carriers consisting of Lloyd’s syndicates, insurers and reinsurers. DUAL is now the world’s largest international underwriting agency underwriting in excess of USD 1 billion GWP this year. This new capacity was brought to DUAL by HB&A which is managed by Beach & Associates.

Bernt Hellman said: “It is exciting to be joined by Harry and his team. They have a wealth of experience and a superb reputation in the Dutch market and are a welcome first addition to DUAL’s Global Marine and Energy Practice. DUAL will bring the high quality products to the Dutch insurance market and the best business to our carriers.”

Shane Doyle, Chief Executive of DUAL International commented: “We are thrilled to have attracted such a talented team to DUAL. We are equally delighted with the capacity supporting these lines; it is a great honour for us to welcome CNA Hardy and the other supporting syndicates to our first class carrier panel.”

Harry Mulder, Managing Director of DUAL Netherlands commented: “I’m delighted to be bringing DUAL to the Netherlands. It’s not only a fantastic opportunity for the team to build on the relationships we already have with Dutch brokers and clients but it also gives us an opportunity to introduce new marine and energy products to the Dutch market.”

"It is exciting to be joined by Harry and his team. They have a wealth of experience and a superb reputation in the Dutch market and are a welcome first addition to DUAL’s Global Marine and Energy Practice."

- Bernt Hellman, Global Practice Leader, Marine and Energy