DUAL NZ expands national presence with Wellington office

DUAL NZ expands national presence with Wellington office | Insurance Business New Zealand

Insurance News

Move reflects the firm’s growing influence in the region

DUAL NZ has expanded its presence in New Zealand by opening its first office outside Auckland.

This new office is situated in the Generator building on Waring Taylor Street in Wellington.

DUAL Asset introduces new insurance products in Australia and New Zealand

DUAL NZ’s Wellington expansion comes after DUAL Australia rolled out a new line of business to broaden its title insurance services across Asia Pacific.

The newly introduced products include:

Real estate title insurance: coverage for issues or defects identified in real estate transactions
securities title insurance: protection for shares, units, and similar ownership interests, addressing known issues or defects
excess W&I insurance: additional coverage for fundamental warranties

These products are designed to mitigate legal and financial risks for buyers, sellers, and financiers involved in transactions.

“At DUAL, we have always focused on helping our distribution network grow their business, and we’re extremely excited that this launch offers a valuable and specialist range of products for our broker partners and their clients. DUAL Asset has a strong heritage of over 10 years as a leading provider of title insurance in the UK and mainland Europe, and I am confident this provides great additional choice in this specialist sector,” said Damien Coates, CEO of DUAL Asia Pacific.

“We’re absolutely delighted to be bringing our DUAL Asset title insurance solutions to the Asia-Pacific region,” Chris Hammond, head of Asia Pacific for DUAL Asset. “This is the first step in building out a full transaction risk offering in the region, and we’re looking forward to expanding our portfolio later in 2024.”

AXA XL, a partner of DUAL Asset, provides capacity for these products through its Syndicate 2003 at Lloyd’s, with policy limits up to US$150 million.