Hyperion News

New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses

Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums – tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines. New insurance ventures sprang …

DUAL Acquires Specialty Managing General Agency in New Zealand

DUAL, the underwriting arm of Hyperion Insurance Group, announced the acquisition of a controlling interest in New Zealand specialty underwriting agency International Underwriting Agencies (IUA). “This is an excellent strategic acquisition for DUAL, bringing together NZ’s largest Lloyd’s coverholders with …

High Distribution Costs and How to Fix Them

The disruption currently taking place in insurance and reinsurance markets is at its most acute since the culmination of the financial crisis. Industry reserves, deteriorating earlier catastrophe losses and eye-popping expense ratios are combining with macro headwinds, changes in investor …

Pension Fund CDPQ Invests More Than $400M in Hyperion Insurance

Hyperion Insurance Group announced that Caisse de dépôt et placement du Québec (CDPQ), the long-term institutional investor and pension fund, will acquire a significant minority stake in the group. Investing more than US$400 million in new growth equity, CDPQ will …

Bains to Step Down as CEO of DUAL; Firm to Be Led by Regional Mgmt Board

Hyperion Insurance Group, the London-based insurance intermediary group, announced that Talbir Bains, CEO and CUO of DUAL Group, the underwriting arm of Hyperion, has decided to step down from his role at the end of January 2017. Bains joined DUAL …

Hyperion Announces Permanent Appointment of Bains as CEO of MGA DUAL

London-based Hyperion Insurance Group, an international insurance intermediary, has confirmed the permanent appointment of Talbir Bains as chief executive officer of DUAL Group, an MGA and Hyperion’s international underwriting arm. The vision of DUAL is to continue to grow and …

Hyperion Appoints BP CIO, Grobler, as Group Chief Information Officer

London-based Hyperion Insurance Group* announced that Lyn Grobler will be joining from BP as group chief information officer. Grobler, VP and CIO of corporate functions at BP, will join Hyperion in January 2016 to oversee all aspects of technology and …

DUAL Launches New Private Clients Global Practice

The DUAL Group, the MGA and Lloyd’s of London’s international coverholder, has announced the launch of DUAL Private Clients, which will marry their recent acquisition of the Private Clients underwriting business of Aqua and Aurum with their own global distribution …

Booth Joins DUAL as Non-Exec Chairman & Named Hyperion’s Non-Exec Director

Hyperion, the world’s largest employee-owned insurance group, announced today that Clem Booth will join DUAL, its underwriting arm, as non-executive chairman of the board. He will also become a non-executive director on the board of Hyperion. The appointments are subject …

DUAL M&A Liability Team Open for Business in Frankfurt and London

DUAL, the underwriting arm of the Hyperion Insurance Group, announced 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 50 million of A-rated …