Talbir Bains to step down as CEO of DUAL Regional Management Board will lead DUAL

04 November 2016

Hyperion Insurance Group, a leading international insurance intermediary group, announced today that Talbir Bains, CEO and CUO of DUAL Group, the underwriting arm of Hyperion, has decided to step down from his role at the end of January 2017.

Bains joined DUAL in March 2015 and embarked on a series of focused enhancements across central underwriting and operations, in parallel forming a new executive team in London and re-emphasising DUAL’s strategic focus and market positon in SME and Specialist business.

With Bains having finalised DUAL’s regional structure, following Richard Clapham’s appointment as CEO, UK and Europe, in September 2016, the regional management Board will now lead DUAL.  It comprises the heads of the regional hubs, being Richard Clapham (Europe), Justin Tweedie (US), and Damien Coates (Asia Pacific), together with Mark Hudson (CFO), Stephen Manning (COO) and Paul Ferris (Head of Capacity Management).  Additionally, Richard Clapham will take on the role of Group Chief Underwriting Officer.  The Board will continue to be chaired by Clem Booth as Non-Executive Chairman, with Non-Executive Directors Ralph Snedden, David Ibeson and Luis Munoz-Rojas.

David Howden, CEO of Hyperion, said: "The last 12 months have been formative ones for DUAL. Our primary objective has always been to deliver profitable returns to our carriers by focusing on high quality underwriting and operational excellence in order to provide the very best service to capacity providers, brokers and clients.

Talbir has led and succeeded in implementing and embedding a transformative programme of strong portfolio management and operating platform development whilst finalising our regional structure and adding significant underwriting and operational bench strength.  As we approach $1bn in premiums, this regional structure is more relevant to our carriers, brokers and clients, and therefore to the next stage of the journey.

My thanks go to Talbir for agreeing to step up as CEO from his role as Group Chief Underwriting Officer and for his outstanding efforts and contribution in delivering these important changes. I know he will bring invaluable expertise to his new role and we wish him every success for the future.”

Talbir has led and succeeded in implementing and embedding a transformative programme of strong portfolio management and operating platform development whilst finalising our regional structure and adding significant underwriting and operational bench strength.

- David Howden, CEO of Hyperion

Further information

Hayley Langston / Marion May

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