Dual has simplified its worldwide binder structure into a quota share vehicle.

The facility brings together $US425 million ($485.77 million) of non-US international capacity.

Dual CEO Shane Doyle says that as the company – the underwriting arm of Hyperion Insurance Group – nears $US1 billion ($1.14 billion) in premium, the streamlined structure marks a new phase in its growth and maturity.

Australian clients will not notice a difference, he told insuranceNEWS.com.au.

“Global insurers and reinsurers identify Dual as a specialist business with a proven history of profitable growth and the ability to provide unique opportunities,” he said.

The arrangement allows Dual to continue relationships with Liberty, Hiscox, Barbican and Arch, while adding new insurers and reinsurers to its portfolio.