Dual has launched an Asia-Pacific warranty and indemnity insurance product targeting real estate, renewables, infrastructure, manufacturing and technology-based industries.

The Howden-backed business says the product offers a “specialised form of coverage” for parties involved in mergers and acquisitions, protecting against financial losses caused by a warrantor’s breach. 

Dual’s new transaction solutions team will underwrite the product on behalf of Lloyd’s carriers. The team was launched in April to deliver an “integrated approach” with Dual’s broking partners for title and warranty and indemnity products.

“This launch demonstrates DUAL’s continuing commitment to product diversification, providing our broking supporters with a full suite of specialty lines products,” Dual ANZ CEO Damien Coates said. “We believe the current market dynamics, combined with Dual’s leading global position in this segment, creates an unmissable opportunity for us.”

Dual M&A head Jordan Schwarz will oversee the product.