DUAL North America, one of the largest independent underwriting organisations in the US, has announced the expansion of its Transactional Risk team with the addition of three new hires.
Daniel Bond, Yash Jafari have both joined the team in the role of Senior Vice President and will be part of CUAL’s strategic growth initiative to expand its offering to include Contingent Liability Insurance and Tax Liability Insurance, according to the announcement.
Bond will lead DUAL’s offering in Contingent Liability Insurance, providing tailored solutions that enable insureds to manage, allocate, and monetize legal risks. Prior to joining DUAL, Bond served as the Managing Director, Global Director of Underwriting for Delta Capital Partners.
Jafari will lead DUAL’s Tax Liability Insurance offering, providing bespoke tax liability insurance solutions, including issues relating to tax credit, mergers and acquisitions and corporate risk management. Jafari joins the team with ten years of industry experience, most recently serving as the Head of Tax Insurance, Alternative Solutions Group for Everest Re.
Vanessa Pellettier has also been appointed Senior Vice President to provide excellence in claims advisory support to DUAL’s insurer partners and insureds.
In her new role, she will lead DUAL’s efforts in providing claims advisory services for all claims involving Representations & Warranties, Tax Liability, Contingent Liability and Public D&O Insurance. Pellettier will work closely with DUAL’s insurer partners, insureds, brokers, and outside counsel to ensure effective and efficient claims resolution.
Her extensive background includes serving as a partner for Mendes & Mount, LLP, where she focused on representing international and domestic insurance and reinsurance company clients.
Dennis Kearns, President at DUAL Transaction Solutions, commented: “We are thrilled to have Daniel, Yash and Vanessa join our growing team. “Since we started this team in 2020, expanding our offering to include tax and contingent liability insurance capabilities and providing claims advisory services have been a cornerstone of our plan for growth and presence in the transactional risk insurance space.
“We have been fortunate to have an incredibly successful first two years and now, leading into our third, we are thrilled to have expertise in every major segment of transactional risk, providing a full service offering to our partners and insureds. I am really looking forward to seeing the continued success the team can achieve with these new capabilities.”
The DUAL Transactional Risk team specialises in underwriting insurance coverage for representations and warranties, tax liability and contingent liability across a wide range of industry sectors. Entering its third year of business, the DUAL team has completed over 1,100 transactions, supporting its clients on mergers and acquisitions and other transactions involving tax liability and litigation-related risks.
