Dennis Kearns (pictured above), who at the moment heads up the transactional legal responsibility program, will probably be president of the brand new DUAL Transaction Options.
Pat Darragh (pictured beneath) will probably be an govt vice chairman within the new group, taking a management position with the general public D&O providing whereas retaining his present management position in transactional legal responsibility.
Dan Simnowitz has additionally been appointed as an govt vice chairman within the new group, persevering with his present management position for the transactional legal responsibility providing.
“We’re delighted to be including public D&O to our rising suite of insurance coverage options beneath the newly fashioned DUAL Transaction Options,” Kearns stated. “To be partnered with a market chief equivalent to Accredited in providing public D&O insurance coverage at a time when there’s a acknowledged want for brand spanking new capability and inventive insurance coverage options on this house is especially pleasing. Just like the transactional legal responsibility launch, DUAL is bringing a veteran workforce of underwriters who will make a right away influence. I’m thrilled that we’ll have the additional benefit of a acknowledged market chief in Pat Darragh assuming a management position within the public D&O providing, as this may solely additional make sure that we execute on our clear and outlined strategy to underwriting with the eager perception wanted for fulfillment.”
Learn extra: DUAL bolsters North American management workforce
“Our new public D&O providing is the proper answer to what the market is in search of: new key gamers and the fitting capability,” stated Jim O’Connor, CEO of DUAL North America. “Dennis is a confirmed chief within the monetary strains house, and he has assembled a veteran workforce of skilled underwriters that can ship creativity and excellence to our prospects. DUAL is dedicated to persevering with to construct strong monetary companies product choices, positioning us as an trade chief on this house.”
“In these unsure occasions, as the present D&O market struggles to keep up present capability, Accredited is proud to announce our partnership with the DUAL Transaction Options workforce, who carry thought management, model recognition, geographic attain, and main expertise within the public D&O sector to offer options for the present market demand,” stated Daybreak H. Puro, chief underwriting officer and senior vice chairman of casualty for Accredited.
“Mr. Kearns has introduced collectively a really proficient underwriting workforce now have a deep understanding of the market and the complexity of the D&O line of enterprise,” stated Patrick Rastiello, president and CEO of Accredited America. “We’re proud to help this workforce. We anticipate our relationship with DUAL to span a few years and different strains of enterprise as we develop our strategic partnership.”