The security of DUPI Underwriting Agencies
As a Managing and General Agent, DUPI Underwriting Agencies represents Belgium-based Baloise Insurance, various Lloyd’s Syndicates, Accredited Insurance (Europe) Limited, The Shipowners’ Club and Argenta.
Lloyd’s is the world’s leading insurance market providing specialist insurance services to businesses in over 200 countries and territories. In 2019, Lloyd’s showed a GBP 35.9 bln gross premium income (2018: GBP 35.5 bln) with pre-tax results aggregating to GBP 2.5 bln (2018: GBP 1 bln loss). Lloyd’s has an A+ rating from S&P, AA- from Fitch and A from A.M. Best.
About Baloise Insurance
Baloise Belgium nv is a top 4 Non-Life insurer and market leader in Belgium in Marine and Transportation insurances. Baloise Belgium nv has an A+ (Stable Outlook) rating from S&P. Its 2019 Net Combined Ratio was 94.5% with a premium turnover of EUR 1,74 bln and pre-tax profits of EUR 175,5 million.
Accredited Insurance (Europe) Limited (AIEL) is the specialist non-life insurance company, servicing their clients and policyholders across Europe. AIEL is licensed to write all non-life classes of insurance in all EU member states and provides a distribution channel for reinsurers to Managing General Agents. AIEL has an A.M. Best rating of A- (Excellent) and contracted over £240 million gross written premiums in program business in 2018.
About The Shipowners’ Club
The Shipowners’ Club is a mutual insurance association. It offers Protection & Indemnity (P&I), Legal Assistance and Defence cover (also known as FD &D) and associated insurances to smaller and specialist vessel owners, operators and charterers around the world.
The Shipowners’ P&I Club insures more than 32,000 small and specialist vessels. With over 160 years of experience in P&I and Legal Cost insurances, this makes The Shipowners’ Club market leader in this segment. The Shipowners’ Club has an A rating (stable outlook) from S&P, AA- from Fitch and A from A.M. Best.
Argenta Holdings Plc, owner of Argenta Syndicate Management (ASML), is a 100% subsidiary of Hannover Re. Argenta Syndicate 2121 is capitalized by Hannover Re and other third-party providers of capital. Argenta Syndicate 2121 has an A+ rating from Standard & Poor’s and an A rating from A.M. Best.
Hannover Re (50.2% shareholder Talanx A.G.) is among the top 3 reinsurers worldwide with a gross premium of more than EUR 22 billion (2019) and excellent financial ratings (Standard & Poor’s AA and A.M. Best A+).