DUAL launches new title insurance capability in Asia Pacific

DUAL Australia is launching a new business line in the Asia Pacific region through its specialised title insurance team, DUAL Asset.

Leading this initiative is Chris Hammond, Head of Asia Pacific for DUAL Asset.

The focus areas include real estate transactions involving commercial properties in Australia, New Zealand, Hong Kong, and Singapore, as well as mergers and acquisitions (M&A) transactions involving target companies and trusts across various markets, including Australia, New Zealand, Hong Kong, Singapore, Japan, and South Korea.

The product lineup includes coverage for real estate titles, providing the option to address identified issues or defects, as well as title insurance for securities (such as shares, units, etc.), also offering coverage for identified issues or defects. Additionally, the lineup includes fundamental warranty top-up insurance.

These tailored title insurance products aim to assist sellers, buyers, and financiers in managing and allocating specific legal and financial risks encountered during transaction processes.

AXA XL, DUAL Asset’s long standing partner for title insurance capacity, is supporting the entire product range through its Syndicate 2003 at Lloyd’s. Policies with insurable limits of up to $150 million are available.

Damien Coates, CEO of DUAL Asia Pacific, expresses his enthusiasm about the launch, stating, “At DUAL, we have always focused on helping our distribution network grow their business, and we’re extremely excited that this launch offers a valuable and specialist range of products for our broker partners and their clients.

He adds, “DUAL Asset has a strong heritage of over 10 years as a leading provider of title insurance in the UK and mainland Europe and I am confident this provides great additional choice in this specialist sector.”

Hammond, comments, “We’re absolutely delighted to be bringing our DUAL Asset title insurance solutions to the Asia Pacific region. This is the first step in building out a full transaction risk offering in the region, and we’re looking forward to expanding our portfolio later in 2024.”