A Hatrick Down Under for DUAL International

10th December 2007: DUAL International, the underwriting arm of the Hyperion Insurance Group, has today announced the opening of an office in Perth, Australia.  This is the third DUAL specialist professional lines underwriting agency office to open in Australia in just three years. The new office will be led by former QBE professional lines manager, Paul Linder.

Western Australia is the fastest growing economic region in the country. It has the highest per capita output of any Australian state.

Stephen Crowther, Executive Chairman of DUAL International, comments: “DUAL Australia has performed extremely well since our first office opened there in 2004, and it has made a significant contribution to the £12.0 million revenues DUAL International generated for the year to 30 September 2006. Our Sydney and Melbourne offices are currently showing a 26% increase in GWP this year. The expansion into Perth will give us a strong foothold in the three main financial centres in the country, positioning us well to best exploit this specialist market, especially in the under developed SME market, and allow us to provide brokers with the same specialist local market service throughout the region.”  

As the fourth largest investment market globally with over $1.3 trillion in funds under management, DUAL Australia has also announced that it has broadened its product capability and developed PI, D&O and Crime products specifically for the Financial Institutions marketplace. These will be available from all three DUAL Australia offices.
 
All DUAL Australia products continue to be underwritten by Lumley General Insurance Limited.