Underwriting agency DUAL Australia has expanded its general liability capability offering brokers public and products liability insurance for the mining and resource industry.
The expansion follows the acquisition of the Resource Industry Liability Facility (RILF) portfolio from Perth based corporate broker, CKA Risk Solutions.
The RILF product provides public and products liability insurance for the mining and resource industry, and in particular mining contractors and exploration companies.
DUAL will assume responsibility for all new and renewal business from 1st March 2013 with brokers able to secure quotations through DUAL offices in Sydney, Melbourne, Brisbane and Perth.
DUAL Australia Managing Director Peter Bailey says the acquisition is consistent with DUAL’s approach to offering specialist lines in underwriting.
“For all brokers and clients that utilise RILF it will be business as usual. DUAL will now assume all account management responsibilities including underwriting, policy administration and claims management services.
While the RILF product was develop by CKA Risk Solutions its’ director John Carrigg says the sale to DUAL will allow it to continue to focus on its core business of specialist insurance broking solutions and services.
“We are proud to have developed this product for the mining and resources sector however we feel now is the right time to transfer the portfolio to a professional underwriting agency to enable this product to be delivered to a broader range of insurance intermediaries.