DUAL Europe has announced the launch of its trade credit insurance business, expanding its specialty lines offering across several European markets.
The newly established business is led by Frank Masteling (pictured above), who takes on the role of head of trade credit, DUAL Europe.
Masteling brings more than 25 years of experience in trade credit, having previously served as managing director at Nexus Trade Credit, where he oversaw operations in the UK and Europe. His background also includes senior commercial and underwriting positions at Atradius and Rabobank.
Capacity for the offering is provided by Axeria, a pan-European insurer with an A rating. Dedicated trade credit teams are now in place in the Netherlands, Germany, and Spain, with a fourth team in Italy expected to follow.
DUAL Europe said this structure allows it to deliver localised service and tailored support to brokers and their clients.
The trade credit launch also follows similar activity in other lines, including the recent establishment of marine underwriting hubs in Rotterdam, Genoa, and Hamburg.
Frederik Weiss, appointed as head of trade credit for DUAL Deutschland, has spent nearly 20 years in roles covering underwriting, development, and broker relationships, primarily at Allianz Trade.
The Iberian team includes Robert de Bruyn, formerly with Coface and Nexus Trade Credit, and financial analyst Almudena Arribas, who has two decades of credit risk experience, including 18 years at Coface.
“We’re seeing a clear need from businesses across Europe for greater flexibility and reliability in their credit insurance,” said Masteling. “Our dedicated teams based in local markets are perfectly placed to deliver responsive, tailored solutions that help clients manage credit risk more effectively and continue growing with confidence.”
The product range will include two credit insurance solutions: top-up and non-cancellable credit limits. Top-Up coverage is designed to provide additional credit capacity beyond what primary insurers offer.
Two specific products – top-up easy start and top-up easy limits – will launch under this category. The non-cancellable credit limits product is intended to offer stable cover regardless of market conditions.
DUAL Europe currently operates underwriting teams in 19 locations across 13 European markets, collaborating with over 11,000 brokers and agents. The business generated around US$2.3 billion in gross written premiums.
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