DUAL Corporate Risks, a London-based underwriting agency, has created Tamesis DUAL, a specialty excess of loss reinsurance business.
Tamesis DUAL’s reinsurance business will be supported with capacity from Lloyd’s which is expected to be finalised at around GBP30m.
The company said Tamesis DUAL will access global clients writing a specialty excess of loss account and will be 100% non-proportional excess of loss business, specialising in marine, offshore energy, onshore energy/property, aerospace, terrorism and war & political risks.
The new reinsurance business will be led by Tony Lovett, as managing director and will report to Russell Kilpatrick, executive chairman of DUAL Corporate Risks.
Kilpatrick said this is an exciting development for DUAL Corporate Risks which builds on their international corporate contacts and the excellent reputation of Tony’s reinsurance underwriting expertise. The proposition is targeted at precise lines of business where there are clear opportunities for the best, most experienced underwriters and capacity providers.