Howden Group Holdings announced an investment of $84 million in support of Tamesis DUAL Ltd., the reinsurance division of DUAL Group, the world’s largest international MGA.
This additional capacity has been in place since Jan. 1, 2021 and the capital was provided by Howden Group and a third party investor.
“This deal represents our first underwriting capital commitment in support of DUAL, and I’m delighted to welcome a third party investor to sit alongside the group for this transaction,” commented David Howden, CEO, Howden Group Holdings.
“It’s fantastic that Tamesis are to be the first to benefit from this new capital, which is testimony to their underwriting acumen and their exemplary track record in underwriting retrocessional excess of loss,” said Richard Clapham, CEO, DUAL Group. “This new binder, supporting this class, gives Tamesis increased capacity in an area which is seeing significantly improved pricing.”
Source: Howden Group Holdings
Topics Reinsurance Insurance Wholesale
Was this article valuable?
Here are more articles you may enjoy.
El Niño Likely Strongest in 75 Years, US Forecasters Say 
20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster? 
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
