By David Bull
May 6 - (The Insurer) - MGA platform Dual North America has secured additional capacity from AM Best A-rated Axis Insurance Company to increase its surety program capacity to $100 million for a single project and $200 million of aggregate limit.
In a statement, Howden-owned Dual North America said the increased capacity strengthens its position in the surety market as it provides solutions for commercial and contract markets, including accounts with international exposures.
The company’s executive vice president for surety, Brendan Keating, said: “This expansion of our surety program capacity marks a pivotal moment for DUAL North America. We are dedicated to empowering our clients with the financial strength and flexibility they need to pursue larger and more sophisticated projects.”
Dual North America has a dedicated claims subsidiary that works alongside its underwriting team.
Michael McKenna, head of Axis North America, added: “DUAL North America's expansion of its surety program capacity reflects on our joint commitment to providing comprehensive and dependable surety solutions.”
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。