DUAL has announced an expansion of its global cyber and technology insurance capabilities through a strengthened strategic partnership backed by A-rated capacity providers led by Liberty. The move enables higher primary limits for organizations with revenues of up to £1 billion, along with enhanced excess limits for risks reaching up to £5 billion.
This development marks a significant step in DUAL’s strategy to broaden its presence across the mid- and large-market segments, while continuing to support its established base in the SME sector. By increasing its underwriting capacity and appetite, the company aims to provide brokers with greater flexibility and access to tailored cyber insurance solutions across a wider range of industries.
The expanded partnership allows DUAL to address the growing complexity of cyber risks as businesses face an evolving threat landscape driven by digital transformation, AI adoption, and expanding attack surfaces. With higher limits and improved coverage options, brokers can now engage more effectively with clients requiring robust protection against increasingly sophisticated cyber threats.
Simon McGinn, CEO of DUAL UK, emphasized the importance of scaling capabilities in line with market demands. He stated that as the risk management landscape evolves, DUAL is enhancing its capacity to support larger and more complex risks while maintaining the trusted relationships and dependable solutions its clients expect. He added that the expansion reinforces DUAL’s ambition to operate at the forefront of the global cyber insurance market, supported by new technology partnerships and a strengthened underwriting framework.
Stephen Bonnington, Managing Director, Cyber at DUAL UK, highlighted the rapid evolution of the cyber insurance market. He noted that as technology advances and new vulnerabilities emerge, DUAL’s enhanced cyber offering positions the company to meet these challenges directly. By adopting a technology-enabled and underwriting-led approach, DUAL is enabling faster and more informed decision-making, while continuing to serve SMEs and lower mid-corporate clients effectively.
The integration of advanced technology within underwriting processes is expected to improve risk assessment accuracy and streamline policy delivery. This approach ensures that underwriters can respond quickly to changing threat scenarios while maintaining consistency and reliability in coverage.
Stephen Tompson, Head of Supercoverholders at Liberty Specialty Markets, underscored the growing complexity of cybersecurity risks, particularly with the rise of AI technologies and increased reliance on data centers. He noted that access to greater underwriting capacity is critical for clients navigating these challenges and expressed support for DUAL’s expansion through Liberty’s capital backing.
With this strategic enhancement, DUAL is strengthening its ability to deliver comprehensive cyber insurance solutions that align with the needs of modern businesses. The expanded capacity, combined with a technology-driven underwriting model, positions the company to support brokers and clients in managing cyber risks more effectively across an increasingly complex digital environment.
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