Dual CEO and Chief Underwriting Officer Talbir Bains will step down at the end of January, Hyperion Insurance Group has announced.

London-based Mr Bains was appointed in February, having held the role on an interim basis since October last year when Shane Doyle left the company after two years.

Dual will now be led by the regional management board, comprising 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).

Mr Clapham will also take on the role of Group Chief Underwriting Officer.

“Talbir has led and succeeded in implementing and embedding a transformative program of strong portfolio management and operating platform development while finalising our regional structure and adding significant underwriting and operational bench strength,” Hyperion CEO David Howden said.

“As we approach $US1 billion ($1.3 billion) in premiums, this regional structure is more relevant to our carriers, brokers and clients, and therefore to the next stage of the journey.”