DUAL Asset, a subsidiary of the DUAL Group, has announced a significant new collaboration with Chaucer, reinforcing its position as a leading global provider of legal indemnity insurance.
As part of the agreement, Chaucer will contribute £100 million of quota share capacity to support DUAL Asset’s UK and European Commercial Real Estate risks.
This encompasses a range of insurance products, including Legal Indemnity, Title to Property, and Title to Property and Shares.
Chaucer’s participation will complement the existing binder shared with RSA, Liberty, and AXA, augmenting the total quota share capacity to an impressive £225 million.
In response to the news, Ian Keith, the Managing Director of DUAL Asset, expressed his delight at the partnership, stating, “We are delighted to announce a new partnership with Chaucer, a very well respected and long-standing insurer in the market.
“This further strengthens DUAL Asset’s panel of insurers, and offers more choice of quality capacity to our clients. This new partnership is a testament to the quality of our underwriter’s expertise.”
Adam Howard, Head of Casualty at Chaucer, shared his enthusiasm for the partnership, stating, “Chaucer is excited to partner with DUAL Asset to deliver dedicated capacity to the UK and European Legal Indemnity market. Ian and the team at DUAL Asset are market leaders and I look forward to expanding our relationship to bring capacity and expertise to this important segment of the Legal Indemnity market.”
