DUAL Australia expands with new insurance line

There are insurable limits of up to $150m per policy available.

DUAL Australia introduced a new business line through its specialist title insurance team, DUAL Asset, led by Chris Hammond, Head of Asia Pacific, it said in a press release.

Its focus will be on real estate transactions in Australia, New Zealand, Hong Kong, and Singapore, and (ii) M&A transactions across various markets including Australia, New Zealand, Hong Kong, Singapore, Japan, and South Korea.

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The product range includes:

• Title insurance for real estate and securities, with coverage for identified issues or defects.
• Fundamental warranty top-up insurance ("excess W&I").

AXA XL, DUAL Asset’s capacity partner, provides coverage for the entire product range through its Syndicate 2003 at Lloyd’s, with insurable limits of up to $150m per policy.