DUAL North America Locks in Additional Capacity for New Crisis Management Underwriting Team
DUAL North America, Inc. has secured a new partnership with Summit Specialty Insurance Company to support the recently launched Crisis Management underwriting program offering Product Recall and Contaminated Products insurance offerings.
A.M. Best A XIII rated carrier Summit Specialty will provide $10 million in underwriting capacity to the Crisis Management team. Summit Specialty, part of ReAlign Insurance Holdings, was launched in 2020 to focus on specialty risk programs.
DUAL’s Crisis Management team announced its launch and plan to build out a subscription program featuring multiple strong capacity partners in January 2022. The team underwrites and provides specialty claims handling for a broad array of food & beverage, agriculture, consumer products, and manufacturing industries. Worldwide coverages for US-based risks will include Accidental Contamination, Government Recall, Malicious Product Tampering, Product Extortion, Adverse Publicity, Defect, Error in Design, Epidemic Failure, Workplace Violence, and more. The team is led by Mark LeBlanc, Robley Moor, and Christian Waeldner.
Moor, Managing Principal, DUAL Crisis Management, commented: “This partnership with Summit Specialty marks a significant addition of domestic capacity to our London market support led by Munich Re Syndicate. Summit’s agility and strong support for specialty programs will prove vital to our vision of becoming a market leader in this niche line of business.”
Tim McAuliffe, President of Summit Specialty Insurance Company noted, “We are excited to partner with the DUAL North America Crisis Management team. Their product and underwriting process are state of the art and should lead to mutually beneficial profitable growth. The team is well regarded in the primary and reinsurance markets and we are happy to support their business plan in these dynamic and growing products and services.”