Dual, the underwriting arm of the Hyperion Insurance Group, has launched mergers and acquisitions (M&A) insurance operations in Frankfurt and London.
Niki Demirbilek will join Dual in September as global head of M&A insurance, based in Frankfurt. She has held senior roles in Germany at AIG and then Zurich, where she headed its M&A business.
Demirbilek will be joined by Janin Kauffmann, a lawyer specialising in M&A who also joins from Zurich, and Jaco van der Merwe who joins having held a senior underwriting role at AIG. Kauffmann will be based in Frankfurt and Merwe in London.
“Dual’s M&A products will provide protection against the risks associated with a merger, acquisition or capital restructuring,” said the underwriter. “Dual believes its products will help fill a significant gap in the market, M&A liability insurance business is underserved in Germany while even the London market has few carriers with the specialist underwriting expertise necessary to support the largest transactions.”