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.”
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.