DUAL has introduced a global Forestry offering to its product range through the appointment of Gordon Steward as managing director, Forestry.
Steward joined DUAL on 1 June, and reports to Richard Clapham, CEO, DUAL Group. He will focus primarily on small, medium to medium-large forestry companies in the southern hemisphere markets of South Africa, Australia, Chile, Uruguay South East Asia and New Zealand.
Clients include timber / paper / pulp producers, pension funds, exotic wood investment and real estate investment funds. Typical perils are FLEXA, Wind (Non-accumulating Zones) and sub limited perils, typically: Frost, hail, snow damage, debris removal and firefighting costs.
Steward joins from White Oak Underwriting Agency where he managed the Forestry business. His “extensive” 35 year career in Lloyd’s, UK Retail and International Markets, includes roles at Weald Risk Partners, Castel, IGI, Catlin Syndicate 2003, Forest Re, Allianz Global and QBE.
Richard Clapham said: “We are delighted to welcome Gordon Steward to DUAL. Forestry is a niche but increasingly important product that seeks to de-risk forest assets for investors and plantation owners.
“Gordon is a well-known market leader in Forestry insurance and has unparalleled experience in this sector, making this a great fit for DUAL with our focus on underwriting expertise.”
Steward added: “I couldn’t be more pleased to join DUAL. Its entrepreneurial culture and extensive distribution make this a perfect match for me as I plan to extend into more innovative Forestry products.
“DUAL’s extensive global network with local expertise on the ground means I am extremely confident we will continue to grow the portfolio profitably while ensuring we support our existing partners and clients with a high level of engagement and service.”