DUAL M&A liability team open for business Frankfurt and London
03 September 2015
DUAL, the underwriting arm of the Hyperion Insurance Group, announces today that its Frankfurt and London-based M&A Liability team is open for business. Niki Demirbilek joins as Global Head of M&A Insurance, supported by up to EUR/USD 50m of A-rated capacity from DUAL’s Global Partner. The team will focus on European business initially with ambitions to move into Asia Pacific and the US.
DUAL’s M&A products will provide protection against the risks associated with a merger, acquisition or capital restructuring. DUAL believes its products will help fill a significant gap in the market. M&A liability insurance is underserved in Germany while even the London market has few insurers with the specialist underwriting expertise necessary to support the largest transactions.
Niki Demirbilek said, “This is a great opportunity to bring our specialist M&A expertise to DUAL’s exceptional distribution network. This sector is in need of support and I hope our credible proposition will help to fill that gap.”
A qualified lawyer, Niki began her career at Norton Rose before moving into insurance. Previously, Niki held senior roles in Germany at AIG and then Zurich, where she headed their M&A business.
Shane Doyle, DUAL CEO, commented, “M&A is a critical new class of business for us and yet another opportunity for DUAL to demonstrate the breadth of our product offering and responsiveness to the needs of our customers. We have been fortunate to attract Niki and her team, some of the best known and most respected underwriters in these lines.”
Niki will be joined by Janin Kauffmann, a lawyer specialising in M&A, who also joins from Zurich, and Jaco van der Merwe who joined DUAL last year having held a number of senior roles at AIG within Financial Lines. Niki and Janin will be based in Frankfurt and Jaco in London.
DUAL’s M&A team has ambitious expansion plans and further hires are expected.
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