AmTrust acquires DUAL North America’s middle market management liability practice
AmTrust Financial has acquired the middle market management liability business of DUAL North America, which includes its underwriting team and renewal rights to the portfolio.
As part of the transaction, seven DUAL professionals will join AmTrust’s EXEC unit.
DUAL North America Management Liability is a nationwide admitted program for both for-profit and not-for-profit entities. The portfolio includes Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability and Crime coverage.
“This acquisition represents an excellent, complementary addition to an already strong business at AmTrust. We’re confident that in addition to being successful with the renewals, we will be able to grow the client base across new classes. The addition of this middle market team and portfolio is a definite enhancement to AmTrust’s presence in the private management liability space.” – Jim Seymour, SVP, AmTrust EXEC.
“DUAL has a strong relationship with AmTrust in multiple classes. This transaction will allow the Middle Market team to expand its appetite and products, and we feel this is an excellent fit for this group of management liability professionals.” – Dennis Kearns, president, DUAL Transaction Solutions.