DUAL UK, part of the specialist underwriting arm of Howden Group, has acquired London-based MGA International Passenger Protection (IPP).
IPP offers a range of products designed to protect travellers from financial losses due to the failure or bankruptcy of travel-related companies.
Simon McGinn, CEO of DUAL UK, says: “This acquisition adds a strong new product set to DUAL’s UK portfolio and positions us as the market leader in travel financial failure insurance.
“As we look at our growth plans, I also see this as a great opportunity to further build the IPP business as they collaborate with colleagues across DUAL and the wider Howden business, providing them the opportunity to access DUAL’s broker network and carrier partners.”
Paul Mclean, managing director of IPP, adds: “We can already see some of the great benefits of being part of one of the world’s leading MGAs and becoming part of the Howden family. Being part of a large organisation will give us access to a network of brokers and capacity to further grow our business.”
