Dual UK has launched a new credit risk insurance product aimed at supporting cross-border trade and investment.

The offering provides non-payment cover, protecting insureds against financial loss or non-performance under specified contracts.

The binder is backed by an AA- rated Lloyd’s of London syndicate under a one-year agreement, enabling Dual to write contract frustration risks up to 15 years, and credit risk business up to eight years.

Simon McGinn, CEO of Dual UK, said: “This launch marks an important moment for DUAL and for the CRI market, coming at a time when brokers and their clients are navigating increasingly complex cross border risks. Financial institutions have a growing need for long-term certainty and protection as global trading relationships shift. By bringing a new AA- rated carrier into this class, we’re expanding the level of specialist support available to organisations operating in these challenging conditions."

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