TALBIR BAINS BECOMES INTERIM CEO OF DUAL

16 October 2015

DUAL, the underwriting arm of Hyperion Insurance Group, announced today that Shane Doyle will leave DUAL to begin an independent venture.

Having completed the integration of Aqueduct Underwriting, part of RKH Group, into DUAL and following the close of the company’s 2015 financial year, Doyle will leave the business following a handover to Talbir Bains, Group Chief Underwriting Officer. Bains will act as interim CEO.

Bains joined DUAL in March 2015 from QBE after more than a decade in senior roles at QBE.

Clem Booth, former Allianz board member, joined DUAL in October 2015 as Non-Executive Chairman to provide strategic direction to the Board.

David Howden, CEO of Hyperion Insurance Group, said “Shane has led DUAL during a transformational two year period for the Group. He has overseen major product and geographic diversification, the creation of a robust risk and governance structure, and the establishment of our hub management structure of North America, Europe and Asia Pacific. He leaves us with my thanks and, as a fellow entrepreneur, with my best wishes for his next venture.

“Since its establishment in Spain in 1998, DUAL stands tall as the largest international MGA in the world and is a leader in the sector. It is a £500m GWP business with extremely high quality capacity providers and relationships with over 4,000 brokers. It is a key part of Hyperion and I am extremely proud of its 400 employees in 15 countries.”

Clem Booth, Non-Executive Chairman of DUAL, added: “Shane has been instrumental in building DUAL to the company it is today. I would like to thank him on behalf of the Board for his contribution to the company.

“DUAL has an exciting future and I look forward to leading the Board as the Group begins its next chapter.”

DUAL has an exciting future and I look forward to leading the Board as the Group begins its next chapter.

- Clem Booth, Non-Executive Chairman, DUAL

Further information

Lauren Wooder

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