DUAL CEO steps down; regional management board to lead segment

The CEO and chief underwriting officer of DUAL Group, Talbir Bains, is stepping down from his role at the end of January 2017.

DUAL Group is the underwriting segment of insurance intermediary group Hyperion.

As Bains steps down, the regional management board will now lead DUAL.

It comprises the heads of the regional hubs, being Richard Clapham (Europe), Justin Tweedie (US), and Damien Coates (Asia Pacific), together with Mark Hudson (chief financial officer), Stephen Manning (chief operating officer) and Paul Ferris (head of capacity management).

Furthemore, Richard Clapham is appointed to the role of group chief underwriting officer.

David Howden, CEO of Hyperion, said: "The last 12 months have been formative ones for DUAL. Our primary objective has always been to deliver profitable returns to our carriers by focusing on high quality underwriting and operational excellence in order to provide the very best service to capacity providers, brokers and clients.

“Talbir has led and succeeded in implementing and embedding a transformative programme of strong portfolio management and operating platform development whilst finalising our regional structure and adding significant underwriting and operational bench strength. As we approach $1bn in premiums, this regional structure is more relevant to our carriers, brokers and clients, and therefore to the next stage of the journey.

“My thanks go to Talbir for agreeing to step up as CEO from his role as group chief underwriting officer and for his outstanding efforts and contribution in delivering these important changes. I know he will bring invaluable expertise to his new role and we wish him every success for the future.”