“We are excited to join DUAL,” David Ashby, whose camp specialises in high-value sports horse insurance, said in an emailed release. “Not only are they one of the largest and most diverse MGAs in the world, they also share our focus on excellence in underwriting.
“We did not choose our future home lightly, and I am looking forward to working with Richard and the DUAL team.”
Ashby, who snapped up Amlin’s bloodstock and livestock book to form DAU in 2020 with the backing of Blunt Palmer Brown Ventures (BPB), was referring to DUAL chief executive Richard Clapham.
“David Ashby has a long-standing reputation for excellence, and they bring a real passion for the equestrian sector,” Clapham commented. “We are delighted to welcome them to DUAL.
“This positions DUAL as one of the London Market’s leading bloodstock underwriters, and we look forward to seeing David build on Ashby’s existing business, as well as identifying new opportunities to grow.”
Under the now finalised deal, the 10-people DAU line-up will join the MGA’s new owner effective immediately.
“Joining with David and his expert team deepens our connection to the equestrian world, and makes us a true differentiator in this exciting market,” Howden CEO David Howden stated.
“DUAL now provides world-class expertise in all the major equine markets, and we will continue to leverage our expertise to provide more choice and a fresh alternative for clients.”
Meanwhile BPB’s Jonathan Palmer Brown had this to say: “The board is very grateful for David and his team’s hard work, and we wish them all the best in their future at DUAL.
“We have enjoyed working together and are happy they are joining a firm with such a strong commitment to bloodstock.”
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