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AmTrust Monetary Providers has acquired the center market administration legal responsibility enterprise of DUAL North America. The deal contains its DUAL’s underwriting staff and renewal rights.
Seven DUAL professionals will be part of AmTrust’s EXEC unit. DUAL North America’s administration legal responsibility apply is a nationwide admitted program for each for-profit and not-for-profit entities. The portfolio contains administrators & officers’ (D&O) legal responsibility, employment practices legal responsibility, fiduciary legal responsibility, and crime protection.
DUAL North America is specialty program administrator providing property, casualty, and monetary traces merchandise. It’s a part of the DUAL Group, a world underwriting group working from 19 international locations.
New York-based AmTrust provides specialty property and casualty insurance coverage merchandise, together with staff’ compensation, enterprise proprietor’s coverage (BOP), common legal responsibility and prolonged service and guarantee protection.
“This acquisition represents a superb, complementary addition to an already sturdy enterprise at AmTrust,” mentioned Jim Seymour, senior vice chairman, AmTrust EXEC. “We’re assured that along with being profitable with the renewals, we will develop the shopper base throughout new lessons. The addition of this center market staff and portfolio is a particular enhancement to AmTrust’s presence within the personal administration legal responsibility house.”
“DUAL has a robust relationship with AmTrust in a number of lessons,” mentioned Dennis Kearns, president of DUAL Transaction Options. “This transaction will enable the center market staff to broaden its urge for food and merchandise, and we really feel this is a superb match for this group of administration legal responsibility professionals.”
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