AFM approves DUAL Netherlands sale to DUPI Group
DUPI Group B.V. (“DUPI”) has now formally acquired 100% of the shares of DUAL Netherlands B.V. (“DUAL NL”)
Through this acquisition DUPI further expands her position in the marine insurance market in support to our strategy of providing our clients with creative and innovative solutions through crossovers between the respective underwriting lines.
Although the short term focus will be business as usual, this acquisition also brings some changes we would like to share with you.
Transfer of portfolio
Frenk Vilerius has recently accepted a new challenge elsewhere in the market. He will be leaving as per 1st November forthcoming. Frenk will transfer his portfolio to Bjørn Kalden (+31 6 30 44 61 67), who will coordinate the claims handling of the DUAL NL Portfolio going forward.
Full AFM approval
DUPI has assumed all underwriting authorities of DUAL Netherlands and all shares of DUAL on existing policies to be continued unamended. We can also confirm that we meanwhile received full AFM approval.
DUAL’s capacity is fully complementary to the existing DUPI underwriting authorities, hence no accumulation or concentration of capacity on existing policies following this acquisition.
day-to-day management of DUAL NL
We are pleased to advise that Harry Mulder will continue the day-to-day management of DUAL NL.
Don’t hesitate to contact us – via email@example.com or +31 10 440 55 55 – for any further information you may need.