Dale and DUAL unveil new MGU relationship with capacity from Aviva
Dale Underwriting Partners and DUAL have unveiled a new joint venture, which will see it write mid-market global commercial property business using capacity provided by Aviva.
The new venture, called Dale DUAL MGU (DDML), has been brought together by Howden Reinsurance Broking led by head of global specialty reinsurance Gordon Craig.
As part of this collaboration, Aviva has entered into a three-year agreement to offer capacity on mid-market global commercial property business written by Dale’s Property Insurance team and focusing primarily in the US. The initial focus of DDML will be to bring additional capacity to the existing Dale underwriting teams.
Duncan Dale, CEO, Dale Underwriting Partner, said: “This is a major development for Dale Underwriting Partners. Our partnership with DUAL, the largest International Managing General Agent in the world, and Aviva is a fantastic endorsement of the quality of our underwriting expertise and access to distribution in this rapidly improving market. We believe this brings additional quality capacity to our clients and brokers to complement our offering from our Lloyd’s Syndicate. DDML will commence underwriting initially focused on the Property Insurance portfolio, led by Ian Bridge.”
Richard Clapham, CEO, DUAL Group, added: “We are delighted to announce the launch of DDML working with Dale Underwriting. Dale has a well-deserved reputation for excellent underwriting making them a perfect partner for DUAL. The collaboration with Aviva further cements DUAL’s relationship with this leading insurer and we look forward to building this relationship for the benefit of all parties.”
Nick Major, chief underwriting officer of Aviva’s Commercial Lines, commented: “This is a great opportunity for us to expand and continue our relationship with DUAL under this collaboration with DDML. We are delighted to offer capacity primarily on USA mid-market business, a territory we have been expanding in across our property classes.”
