HSU AND VK UNDERWRITERS TO ALIGN UNDER DUAL BRAND
03 September 2012
The DUAL Group, the specialist underwriting arm of Hyperion Insurance Group, announced today that it will rebrand its North and Latin American underwriting operations as DUAL. HSU and VK Underwriters (VKU), based in Miami, FL with offices in New York, Puerto Rico and Argentina, will change their names.
Bobby Vernon, Founder and CEO of both HSU and VKU commented "We have recently aligned HSU and VKU to create a fully integrated underwriting platform in the Americas. We merged the businesses to provide our partners and clients greater access to new products, enhanced underwriting expertise, and systems which will enable us to offer even higher levels of service.”
What is less well known in the market is that HSU-VKU is part of the award-winning DUAL Group. DUAL is an international MGA, and since its foundation in 1998 has become a well-established and respected underwriter with a gross written premium of US$250 million in 2011. It employs over 200 people in the UK, Spain, Germany, Austria, Italy, Australia, New Zealand, Hong Kong, the Caribbean and the Americas.
For historic reasons, the businesses in the Americas have had different names. Vernon continues “Today, it is clear from conversations with our partners that those names don’t communicate the kind and size of business that we are. As a result of that feedback we have taken the decision to rebrand the HSU-VKU business as DUAL."
Damien Coates, CEO of the DUAL Group, said: "The Americas have an important place in our strategic growth plans. By rebranding our operations in North and Latin America to DUAL we bring the group together in name, and will be better able to articulate the collective strength in products, expertise and geographic reach of our operations."
Hayley Langston / Marion May
T: + 44 (0)20 7648 7144