DUAL, the specialist underwriting arm of Howden Group, announced today it is launching new title insurance services in the Asia Pacific region, under its specialist team, DUAL Asset.
In a press release, the managing general agent (MGA) said the service expansion aims to cater to commercial real estate transactions in Australia, New Zealand, Hong Kong and Singapore and M&A transactions involving target companies in countries including Australia, New Zealand, Hong Kong, Singapore, Japan and South Korea.
The product range will include title insurance for real estate, titles for securities – such as shares and units, and fundamental warranty top-up insurance, also known as excess W&I.
AXA XL, a longstanding partner of DUAL Asset, will provide insurance capacity for the full product range through its Syndicate 2003 at Lloyd’s, with insurable limits reaching up to US$150m per policy, the MGA said.
The new offering will be led by Chris Hammond, Head of Asia Pacific for DUAL Asset, and is designed to support sellers, buyers, and financiers in managing legal and financial risks identified during transaction processes.
Hammond commented, “We’re absolutely delighted to be bringing our DUAL Asset title insurance solutions to the Asia Pacific region. This is the first step in building out a full transaction risk offering in the region, and we’re looking forward to expanding our portfolio later in 2024.”
Damien Coates, CEO of DUAL Asia Pacific, added, “At DUAL, we have always focused on helping our distribution network grow their business, and we’re extremely excited that this launch offers a valuable and specialist range of products for our broker partners and their clients.”
