Dual appoints CFO from Co-operative

Dual, the underwriting arm of Hyperion Insurance, has appointed Andy Elston, formerly a director at Co-operative Group, as chief financial officer (CFO), Dual Group.

Elston will be based at Dual’s London office, working closely with finance teams across the Dual group.

Chartered accountant Elston brings over 20 years’ finance experience to DUAL, having led finance operations in insurance and financial services companies including Co-operative General Insurance, Amlin, RBS Insurance and RSA.

Elston joins Dual from the Co-operative Group, where he most recently held the interim position of finance director, cost performance, following his tenure as interim finance director of Co-operative General Insurance.

He has also served as interim CFO at Amlin Corporate Insurance, European financial controller at ACE Europe, head of statutory & regulatory reporting at RBS Insurance and director of financial control at Cox Insurance, and various senior finance positions at RSA.

Shane Doyle, chief executive officer and group chief underwriting officer at Dual, said: “It’s essential that the work underway to diversify the solutions we provide for clients is underpinned by solid financial controls and processes. Andy is an experienced financial director, with a proven track record of leading finance functions at a number of successful insurance businesses. With Andy’s expertise and direction, we are strongly positioned to deliver our strategic and operational financial objectives. I look forward to working alongside him.”

Elston added: “DUAL continues to develop its capabilities in the UK and internationally, and I’m excited to have the opportunity to play a part in developing DUAL’s financial operation as this activity gathers momentum.”