17 November 2014 Insurance

Dual appoints Lockton exec to head cyber

Dual, the underwriting arm of the Hyperion Insurance Group, has appointed Stephen Bonnington to lead its professional indemnity and cyber business.

Following roles at Aon and Willis, Bonnington moved to AIG in 2008, becoming head of PI for the UK and Ireland. In 2012, he joined Zurich Australia and New Zealand to run their financial lines portfolio. Latterly, he was at Lockton where he was the London head of their global technology and privacy practice.

Peter Holt, a London market professional indemnity underwriter, also joins as chairman of Dual PI. Dual PI will focus on writing market leading business across a wide range of professions in the UK and worldwide.

DUAL’s chief executive officer, Shane Doyle, said: “I have known Peter and Stephen for a long time and I’m delighted they are joining Dual. They bring a wealth of industry expertise and a proven underwriting track record. This again shows Dual’s ability to attract the very best talent.”

Bonnington said: “Dual is a great fit; an underwriting and service led business that puts the customer first. I’m excited to be joining especially at this phase in the company’s history.”

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