Markets/Coverages: DUAL UK Enhances Cyber Binder With Increased Limits

DUAL has significantly strengthened the scope of its global cyber and technology capabilities, offering increased primary limits for risks with revenues up to £1 billion and enhanced excess limits for risks up to £5 billion.

Backed by a number of A-rated capacity partners, led by Liberty, the expanded binder creates greater opportunities for broker partners to engage with an extended appetite across a wider range of industry sectors and business sizes in the mid‑market and large‑market segments, while maintaining DUAL’s strong commitment to its core SME market.

Alongside expanded capacity and as part of DUAL Group’s global cyber proposition, DUAL UK now offers enhanced cyber risk management offering through services from KYND, a new partner providing active scanning, continuous monitoring, and detailed security insights. This complements DUAL’s 24/7 incident response capabilities, managed by S-RM and Kennedys, in collaboration with a panel of expert vendors.

“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,” commented Simon McGinn, CEO, DUAL UK, in a statement.

“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,” according to Stephen Bonnington, managing director, Cyber, DUAL UK.

“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,” Bonnington continued. “As the landscape continues to evolve, we look forward to working with a wider range of brokers to navigate these risks.”

Stephen Tompson, head of Supercoverholders, Liberty Specialty Markets, said: “With the technological evolution of AI and increasing use of data centers, 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.”

Established in 1998, today DUAL has over 1,800 people in 22 countries across the Americas, Europe and Asia Pacific, and is one of Lloyd’s’ largest international coverholders. Launched in 1994, parent company Howden provides insurance broking, reinsurance broking and underwriting services and solutions to clients ranging from individuals to the largest multinational corporations.

Source: DUAL UK

Topics Trends Cyber