Dual UK has agreed a new capacity deal with Axa for its natural resources product, which is aimed at projects using renewable energy technologies such as solar, wind power and hydro. It provides cover up to £50m with premiums ranging from a minimum of £2,500 up to £150,000.

Steve Kelly, managing director of construction at Dual UK, said: “Following significant investment in our construction capabilities, I’m confident that our new natural resources insurance product will position Dual as the leading MGA in selected renewable technologies. The launch of this product represents a strategic commitment to supporting clients as they navigate the complexities of the energy transition.”

Catherine Dixon, chief underwriting officer at Dual UK, added: “With the backing of an A+ rated carrier, this launch demonstrates how Dual continues to successfully extend into new sectors, supporting clients with their drive to net zero. It’s a powerful example of collaboration, expertise and commitment to drive progress in the renewable energy sector.”