Dual has renewed the cornerstone capacity on its £300mn financial lines binder

With an unchanged panel, Dual has renewed its capacity on its international financial lines binder worth £300mn. It has been reported that the seven biggest capacity providers had all put down lines for another year on the deal. Those that have renewed are, Allianz, Arch, Chubb, CNA Hardy, Everest Re, Liberty and Tokio Millennium Re. The binder covers Duals UK, European and Asia Pacific financial lines book and is the biggest in the London market. The deal was brought together by Guy Carpenter and represents 50% of Duals global premiums managed and two thirds of its international volumes. It is understood that a number of issues affected the binder last year but providers were happy to renew after the binder remained profitable and the commitment of Dual to invest in system upgrades.