Available on a non-admitted basis, the new program offers construction all-risk coverage for builders' risk projects. Meanwhile, claims will be managed by Catalytic Claims Services, another division of DUAL North America.
Lifting the lid on the partnership, QBE North America commercial programs head James Haggerty said: “We’re excited to partner with the experienced underwriting team at Catalytic to provide customers with a builders risk solution that protects and meets the unique coverage needs of their construction projects.
“We look forward to building our relationship with Catalytic and DUAL North America as we expand our builders' risk portfolio in the marketplace.”
Jon Knouse (pictured), chief property officer of DUAL North America, pointed out that the tie-up with QBE will enable the Howden-owned underwriting business to “reach new heights” by offering the construction market additional coverage and expertise.
“The combination of QBE’s strength and experience, our underwriting expertise led by Kaycie Cook, and Catalytic Claims Services’ claims handling abilities positions us to seize new opportunities in this market,” Knouse highlighted.
“This collaboration not only reaffirms our commitment to delivering comprehensive and tailored solutions to our insureds but also paves the way for continued innovation. We couldn’t be more excited to be collaborating with our partners at QBE.”
Across North America, DUAL operates from 14 locations, providing property, casualty, financial lines, and surety products in its capacity as a specialty program administrator. In 2023, DUAL North America transacted in excess of $1.5 billion in gross written premium across more than 45 insurance products.
Meanwhile, QBE, whose commercial programs portfolio spans both property and workers’ compensation, is keen to help address clients’ unique risks by offering tailored coverage.
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