Dual UK has acquired International Passenger Protection which was founded in 1990 and is a London-based managing general agent offering cover against insolvency of travel operators or other related suppliers. The deal boosts Dual’s position in the travel financial failure insurance market and is subject to regulatory approval in both the UK and Malta.

Simon McGinn, CEO 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.”

Paul Mclean, managing director of IPP, added: “We are looking forward to the next chapter for IPP in DUAL. 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.”