DUAL Group has shaken up its executive board with the hiring of a new chief operating officer and two new directors.
Stephen Manning will join the underwriting agency on September 5 as its new COO following his departure from
Sompo Canopius.
“The opportunity to help deliver this important part of DUAL’s vision is an exciting one,” Manning said.
“I am very much looking forward to being part of such a forward-thinking team that is so focused on creating something standout for clients and in the industry,” he added.
According to DUAL Group CEO Talbir Bains, Manning will focus on ensuring that the right operational systems and processes are in place in order to provide the best underwriting service to capacity providers, brokers and clients.
“Having a standalone role of Chief Operating Officer is a critical part of achieving this for a business of DUAL’s size and I am delighted that we have been able to attract someone of Stephen’s calibre to fulfil it,” Bains said.
Manning joins DUAL after spending 11 years at Sompo Canopius, where he served as group COO from 2012 to this year. He also held various roles at the company including chief risk officer.
He began his career in insurance in 1998 with Lloyd’s where he was head of market supervision and head of risk management.
DUAL also announced the appointments of David Ibeson and Ralph Snedden as non-executive directors. They will join the board on July 20.
Ibeson, the incumbent CEO of Lloyd’s insurer Apollo, previously served as CEO of Catlin Syndicate and Catlin UK.
Meanwhile, Snedden is currently a non-executive director at Markel International and chairman of Eurinsure. He has 40 years of international insurance experience including six years with Euler Group.
Apart from the new appointments, the company also said that non-executive director and DUAL deputy chairman Alan Grant has stepped down from the board.
