AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited, has partnered with DUAL North America, the underwriting arm of the Hyperion Insurance Group, to provide environmental risk product offerings for contractors, consultants and engineers in the United States.
DUAL North America will operate as a managing general agent (MGA) on behalf of AXIS to distribute and underwrite a suite of multi-product environmental coverages. This will include providing small and mid-sized businesses with the coverage they need for projects associated with the removal of underground storage tanks, abating asbestos and remediating contaminated soil, among other highly specialized environmental projects and services.
According to Richard Zarandona, executive vice president of Design Professional, Environmental and Surety at AXIS Insurance, the new environmental coverages for consultants and contractors offer more flexible safeguards against pollution-related risks.
AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance. AXIS Insurance provides Property & Casualty, Professional Lines, Terrorism, Marine, Energy, Aviation, Credit & Political Risk, Environmental, Accident & Health coverages and other customized insurance products.
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