The increasing complexity of corporate deals has prompted Dual to launch a transactional risk offering.

The product covers unforeseen and contingent liabilities that can arise after a merger or acquisition is completed.

Dual has brought together warranty and indemnity, representations and warranties, tax, contingent risk, title, and climate risk and resilience lines into a single global practice with more than 80 underwriters across 11 jurisdictions. The product has long-term global backing led by Liberty, the underwriting agency says.

Group head of transactional risk Paul Smith says establishing a single global platform enables Dual to support brokers and clients with a more co-ordinated, seamless offering.

“Insurance is already a critical component of the deal process, but we are now seeing increasing demand from clients for complex multiproduct solutions backed by sophisticated claims handling processes,” he said.

By helping to bridge gaps in indemnity expectations between buyers and sellers, the insurance supports smoother negotiations and increases confidence in transactions, Mr Smith adds.

The launch is part of Dual’s strategy to strengthen collaboration across regions.

It has set a target of £500 million ($966 million) in gross written premium from the product by 2030.