5 April 2018Insurance

Dual to acquire Italian MGA from Munich Re, Reale Mutua

Managing general agent Dual's Italian business is in talks to acquire 100 percent of managing general agency Synkronos Italia's share capital.

The company said that Dual Italia has recently started negotiations with Munich Re and Reale Mutua for the acquisition of the firm founded in 2009.

Following the deal, the company said Munich Re and Reale Mutua will continue to provide Dual Italia with unchanged insurance capacity in the engineering, fine art and benefit lines.

The transaction is expected to close by the end of April, before the next renewals in June and December.

Join us at Intelligent Automation in Insurance - April 26th 2018, London: Book now.

More of today's news

Zurich EMEA CEO steps down, is replaced by AXA hire

US insurers brace for $3bn winter storm damage

UIB launches Colombian retail broker operation; appoints CEO

Chubb partners with insurtech Bunker

Tokio Marine Kiln appoints managing director for Asia

Don't miss our insurtech email newsletter - sign up today

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Insurance

Hyperion’s DUAL reshuffles leadership; brings in Pioneer founder to seek growth

4 July 2018 DUAL, the underwriting arm of Hyperion Insurance Group, has overhauled its leadership team hiring a new chief executive. It said the move has been prompted by a desire to grow in the UK and internationally.

Reinsurance

Munich Re pins its hopes on digitisation – but also cuts costs

20 March 2018 Munich Re expects its investments in digitisation, data and technology to become the major driver of future growth in its reinsurance operations. The German reinsurance giant sees digitisation as a means of moving the business closer to the end consumer while generating new technology-based products.

Insurance

DUAL appoints head of M&A from Zurich

10 January 2018 Hyperion Insurance Group's underwriting arm DUAL has appointed Justin Ansell as head of mergers & acquisitions, UK. He most recently as served as head of M&A insurance at Zurich Insurance in London.

Reinsurers’ rising profit goals despite 1/1 softening suggests rate adequacy

SEC scolds Brookfield for shortcomings in financial reporting

Gallagher lures Marsh veteran to boost fac re offering

Aon partners with Fathom to add flood data to climate risk solution

CRC strengthens retail lineup with four new appointments

DARAG finalises sale of US, Bermuda units to RiverStone

Perils reveals final loss from Australia Christmas storms

New capacity will stay in ‘25 for small-cap wholesale property: Amwins

Dual to acquire Italian MGA from Munich Re, Reale Mutua

More on this story

Editor's picks

Editor's picks

More articles