Dual acquires UK MGA

Dual, the underwriting arm of the Hyperion Insurance Group, has acquired UK-based managing general agent (MGA) Oliva Underwriting (Olivia).

The MGA specialises in property and casualty, contractor trades and marine insurance. Following the acquisition, Oliva will become Dual Oliva.

Shane Doyle, Dual chief executive officer, said: “I am delighted to be announcing the acquisition of Oliva. We have a clear strategy to enhance and expand our offering to UK brokers and Oliva will form a significant part of this.

“It has a leading set of highly complementary products that will allow us to improve and diversify our UK Commercial proposition.”

Oliva’s founding managing directors, Paul Bennett and Cliff Browne, said: “We are hugely excited to be joining Dual, which offers the perfect platform from which we can deliver our next stage of growth. Being part of such a well-reputed MGA will give our customers further security and access to a greater range of products.

“Dual’s culture, aimed at fostering innovation, combined with its agility and underwriting talent means it is well placed to develop and evolve products to empower its customers with the protection they really need. This matches our own vision of a true MGA, making Dual the ideal home for Oliva.”