Dual

North American arm of the Hyperion-owned MGA will distribute and underwrite environmental cover for the Bermuda company.

Dual’s planned syndicate start-up and Beat Capital’s acquisition of Syndicate 4242 point to a Lloyd’s future where the underwriting is distanced from the capital it serves.

The firm's planned full Lloyd's syndicate would have run under Apollo's managing agency.

Paper providers are demanding greater transparency from MGAs as the need to streamline costs puts renewed pressure on the distribution model.

David Mercer’s professional indemnity-focused underwriting cell is one of nine in the pipeline for Volante.

The former Pioneer CEO will become vice chairman and commercial director while Richard Clapham takes the role of group CEO.

In further changes at the Hyperion-owned MGA, Apollo CEO David Ibeson becomes chairman.