DUAL Asset partners with Aviva on UK legal indemnity insurance business

DUAL Asset, the underwriting arm of Hyperion Insurance Group, has formed a long-term partnership with Aviva, for its UK legal indemnity insurance business.

DUAL Asset says the move further consolidates its position as one of the leading legal indemnity underwriters worldwide. Aviva, under the Norwich Union brand, will join DUAL Asset’s online comparison sites: - www.my-legal-indemnity-shop.com in England & Wales, www.my-title-insurance-shop.com in Northern Ireland and www.my-defective-title-shop.com in Scotland.

A range of insurance products for both residential and commercial property transactions will be available under the Norwich Union brand through DUAL Asset’s online quote and buy portal. This new partnership means the online portal now offers quotes and policies from up to three major ‘A’ rated insurers – AXA (XL Catlin), RSA and Aviva. Aviva will also be providing £75m of capacity to DUAL Asset for rights of light policies, with DUAL underwriting all enquiries received by Aviva or through their normal distribution channels.

Ian Keith, managing director, DUAL Asset said: “We’re clearly delighted to be partnering with such a strong brand in Aviva, which will further consolidate the strength of our online comparison sites, as the easiest and quickest way to get quotes from the leading players in the market. DUAL Asset is always looking for ways to evolve our product offering, using technology to deliver best-in-class products to our clients and these market-first portals are another example of this.”

Keith added: “In addition, Aviva providing rights of light capacity allows us to seriously and competitively enter a market that we have not focused on to date.”

Kevin Mills, Head of Legal Indemnities, Aviva commented: “Aviva, who owns the Norwich Union brand, and DUAL Asset are both well-known and trusted brands in the Legal Indemnities market, I am confident that together we can deliver a range of products to suit transactions of all shapes and sizes. I have known many of the management team at DUAL for a number of years and am confident they share the same core belief as the team here at Aviva that delivering a consistently high level of customer service is paramount.”

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