Howden Group Invests $84M to Support Its Treaty Reinsurance MGA, Tamesis DUAL

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Howden Team Invests $84M to Assistance Its Treaty Reinsurance MGA, Tamesis DUAL

Howden Team Holdings introduced a financial investment of $84 million on behalf of Tamesis DUAL Ltd., the reinsurance department of DUAL Team, the globe’s biggest global MGA.

This added capability has actually remained in area because Jan. 1, 2021 and also the funding was offered by Howden Team and also a 3rd party capitalist.

“This deal represents our first underwriting capital commitment in support of DUAL, and I’m delighted to welcome a third party investor to sit alongside the group for this transaction,” commented David Howden, Chief Executive Officer, Howden Team Holdings.

“It’s fantastic that Tamesis are to be the first to benefit from this new capital, which is testimony to their underwriting acumen and their exemplary track record in underwriting retrocessional excess of loss,” claimed Richard Clapham, Chief Executive Officer, DUAL Team. “This new binder, supporting this class, gives Tamesis increased capacity in an area which is seeing significantly improved pricing.”

Resource: Howden Team Holdings

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