This acquisition bolsters DUAL UK’s position as a leading force in the Travel Financial Failure insurance market. Founded in 1990, IPP is a London-based managing general agent (MGA) that specialises in providing coverage against the insolvency of travel operators and related suppliers. The company offers a range of products designed to protect travellers from financial losses due to the failure or bankruptcy of travel-related companies.
Simon McGinn, chief executive of DUAL UK, said: “IPP is a pioneer in all the products they offer and is recognised as a leader in the travel sector. 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.”
McGinn further commented: “As we consider our growth plans, I see this as a fantastic opportunity to further develop the IPP business. By collaborating with colleagues across DUAL and the wider Howden business, IPP will have access to DUAL’s broker network and carrier partners. I’m looking forward to welcoming all of the IPP team to DUAL.”
Paul Mclean, managing director of IPP, added: “We are excited about the next chapter for IPP as part of DUAL. We already see significant benefits in joining one of the world’s leading MGAs and becoming part of the Howden family. Being part of a large organisation will provide us with access to a broad network of brokers and capacity to further grow our business. I am confident that joining DUAL will also bring wider benefits to our clients, allowing us to continue offering exceptional levels of service. We’re enthusiastic about the future!”
