Dual Europe has acquired Swiss Re's Genoa-based marine team, with the authority to write marine business for Swiss Re going forward.

Swiss Re will continue to provide capacity throughout the transition. Andrea Cupido, previously Swiss Re's head of marine hull for Corporate Solutions, will lead the Dual Marine Europe team as executive chairman. Aram Stoop will assume the role of managing director, Dual Marine Europe.

The new team offers a comprehensive suite of marine solutions predominantly in ocean and inland hull, builders’ risks, cargo and land based equipment, with plans to further expand and diversify the product range.

Richard Clapham, CEO, Dual Group, said: “Marine has long been a key sector in Europe and indeed worldwide. I am therefore delighted that we are creating another centre of underwriting excellence in Dual by welcoming this team and significant portfolio of business from Swiss Re. This is an integral part of Dual’s continued growth and expansion in Europe and this adds another key business line to the broad portfolio we can offer to our brokers and their clients. Andrea and his team bring market-leading expertise and I believe that this is a real testament to Dual being seen as a natural home for the best underwriting talents in the market.”

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