DUAL Asset has partnered with British life insurer Aviva to strengthen its legal indemnity insurance business in the UK.
The agreement will enable DUAL Asset, part of DUAL, the underwriting arm of Hyperion Insurance Group, to further boost its legal indemnity underwriting business across the globe.
As part of the agreement, Aviva, under the Norwich Union brand, will join DUAL Asset’s online comparison web portals including my-title-insurance-shop.com in Northern Ireland, mylegal-indemnity-shop.com in England and Wales, and my-defective-title-shop.com in Scotland.
As a result, a number of insurance plans will be available under the Norwich Union brand via DUAL Asset’s online quote and buy portals for residential and commercial property both.
Additionally, the British insurer will offer £75m of capacity to DUAL Asset for rights of light policies.
DUAL Asset managing director Ian Keith said: “We’re clearly delighted to be partnering with such a strong brand in Aviva, which will further consolidate the strength of our online comparison sites, as the easiest and quickest way to get quotes from the leading players in the market. “
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Aviva head of legal indemnities Kevin Mills stated: “Aviva, who owns the Norwich Union brand, and DUAL Asset are both well-known and trusted brands in the Legal Indemnities market, I am confident that together we can deliver a range of products to suit transactions of all shapes and sizes.
“I have known many of the management team at DUAL for a number of years and am confident they share the same core belief as the team here at Aviva that delivering a consistently high level of customer service is paramount.”
Founded in 2013, DUAL Asset underwrites more than £50m in gross written premium per annum across 40 countries.