Latest news with #DUALEurope
Yahoo
16-05-2025
- Business
- Yahoo
Howden's DUAL unveils two real estate insurance products
DUAL's Climate Risk & Resilience team has introduced two insurance products to support asset owners and investors in meeting environmental regulations and performance standards in the real estate industry. The first product, DUAL Energy Efficiency Retrofit (EER) insurance, is tailored for building retrofits, providing certainty around energy performance. It covers energy reduction, asset performance and compensates for any lost energy revenue. The EER insurance is targeted at a spectrum of real estate stakeholders including those in social housing, the public sector, and commercial and industrial investment. Complementing this, DUAL's Environmental Investment Protection (EIP) insurance mitigates risks associated with environmental and biodiversity factors in property transactions. It aims to preserve property values by offering protection against contamination risks and future legislative changes. These launch of these products comes prior to the UK Real Estate Infrastructure and Investment Forum (UKREiiF), set to take place in Leeds from 20–22 May. DUAL UK CEO Simon McGinn said: 'Climate events continue to focus minds on the role insurance can play in building resilience. The development of two new products under the DUAL umbrella is a fantastic example of how MGAs [managing general agents] can provide insurance for emerging and niche risks. Our highly experienced underwriters are acutely attuned to the needs of the market, and I am excited to see DUAL pushing boundaries in our range of products and building out our portfolio even further. 'I am delighted that our ability to write specialty business with these innovative products will inject new opportunities and help unlock growth for our clients in the real estate industry.' Last month, DUAL Europe set up a new marine hub in Hamburg, Germany, its third such hub in less than two years. "Howden's DUAL unveils two real estate insurance products " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
15-04-2025
- Business
- Yahoo
DUAL Europe establishes new marine hub in Hamburg
DUAL Europe has expanded its marine operations by launching a new hub in Hamburg, Germany. This marks the company's third marine hub in under two years following similar openings in Rotterdam in 2023 and Genoa in 2024. Klaus Weber will lead the Hamburg team as the head of Marine at DUAL Deutschland. Weber brings more than 30 years of experience in marine insurance and served for 25 years on the Hull Insurance Working Group at the GDV. He was also involved with IVR, a pan-European inland shipping organisation, for ten years, with two years as its president. Joining Weber in the Hamburg office are underwriters Steffen Thormann and Tereza Alisch. The team will provide a range of marine insurance products such as ocean and inland hull, builders risks, cargo and land-based equipment, catering to the needs of the international broker market. DUAL Europe CEO Olaf Jonda said: 'I am delighted to welcome Klaus and his team to DUAL. Their combined expertise, together with our new hub in Hamburg, will be instrumental in further driving our Marine division forward, ensuring that DUAL Europe remains a market leader. 'This expansion of our Marine business marks a pivotal step in our growth strategy. We are committed to further expanding our Marine offer and delivering unparalleled expertise and innovative solutions to our clients. With Marine teams in Italy, the Netherlands and Germany, we are strategically positioned to continue leading in the Marine insurance market.' Last month, DUAL North America partnered with Homebound Insurance Exchange via DUAL Personal Lines, focusing on insurance for manufactured homes, dwelling fires and homeowners. "DUAL Europe establishes new marine hub in Hamburg " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
