Howden Group Holdings announced an investment of $ 84 million to support Tamesis DUAL Ltd., the reinsurance division of DUAL Group, the world’s largest international MGA.
This additional capacity has been in place since January 1, 2021 and the capital has been provided by Howden Group and a third party investor.
“This transaction represents our first subscription capital commitment to DUAL, and I am delighted to welcome a third party investor alongside the group for this transaction,” commented David Howden, CEO of Howden Group Holdings.
“It’s fantastic that Tamesis is the first to benefit from this new capital, which testifies to its sense of underwriting and its exemplary record in terms of underwriting excess retrocessional losses”, declared Richard Clapham, CEO of DUAL Group . “This new workbook, supporting this class, gives Tamesis increased capacity in an area where prices are significantly improved.”
Source: Howden Group Holdings
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