aurum

What aurum does

DUAL UK (legal entity: DUAL Corporate Risks Limited) is one of the world's largest international Managing General Agents (MGAs), headquartered in London at One Creechurch Place, EC3A 5AF. Operating from 21 countries and employing 500+ staff in the UK alone, the company underwrites specialty insurance risks on behalf of multiple highly rated insurance and reinsurance capacity providers, distributing exclusively through intermediary brokers. Its UK portfolio comprises 27+ product lines spanning Commercial Combined, Construction (with sub-products including Contractors Combined, Contractors All Risk Annual/Project, Contractors Excess Layer, and DUAL DNA+), Financial Lines (Commercial D&O and Crime, Financial Institutions), Cyber, Professional Indemnity, Marine Liability, Natural Resources, Climate Risk & Resilience, Crisis Management, M&A, Social Care, and Title & Legal Indemnity. Five wholly-owned branded sub-products (Ashby Underwriting, IPP, KGM, Magenta, Tamesis) extend reach into additional specialty niches. The company reported £1.1 billion in UK Gross Written Premium and is authorized and regulated by the Financial Conduct Authority (FRN 312593).

The business model is a commission and profit participation structure: DUAL underwriters assess risk, bind coverage, and service policies, while capacity providers assume the underlying insurance risk on the balance sheet. Pricing is determined through individual risk underwriting and is not publicly disclosed. The go-to-market motion is exclusively broker-led, with 3,700+ UK brokers and 11,000+ brokers and agents worldwide in the distribution network, supplemented by direct engagement with capacity providers to secure underwriting capacity.

The core technology is described as an insurance underwriting platform supporting 27+ product lines; no proprietary AI/ML systems, APIs, or data products are disclosed. Recent strategic activity includes a new capacity partnership with AXA (May 2026) for renewable energy insurance, multiple product launches (Commercial Combined, Climate Risk & Resilience line, expanded Construction offerings), and continued multi-brand portfolio management. The firm maintains an "independent culture" with empowered underwriters making fast decisions as its central operational differentiator.

Name

aurum

Legal name

DUAL Corporate Risks Limited

Website

https://aurumunderwriting.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

DUAL UK is a London-based international Managing General Agent underwriting 27+ specialty insurance product lines on behalf of highly rated capacity providers, distributing exclusively through 3,700+ UK brokers and 11,000+ brokers globally.

Ownership category

akta.pro rank

Product category

High Net Worth Motor Insurance

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Carriers, Nec (6399)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• High net worth insurance
• Motor insurance
• Broker distribution
• Specialty insurance
• Underwriting services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. MGA Commission and Profit Participation: As an MGA, DUAL earns commission from capacity providers (insurance and reinsurance carriers) for underwriting insurance risks on their behalf. Premiums are collected and the MGA retains a share as compensation for underwriting, binding coverage, and claims handling services.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

aurum provides high net worth motor insurance products for distribution through insurance brokers. The company enables brokers to access specialist motor underwriting capacity for high value vehicles and high net worth clients, operating as a niche provider within the UK specialist motor insurance market.

Product overview

DUAL UK is one of the world's largest international Managing General Agents (MGAs), operating as a platform offering 27+ specialty insurance product lines across commercial, construction, financial lines, and specialty risks. The portfolio includes core products such as Commercial Combined, Construction (with sub-products including Contractors Combined, Contractors All Risk Annual/Project, Contractors Excess Layer, and DUAL DNA+), Climate Risk & Resilience, Cyber, Financial Lines, M&A, Marine Liability, Natural Resources, Professional Indemnity, Social Care, and Title & Legal Indemnity. Additionally, DUAL operates branded sub-products through Ashby Underwriting, IPP, KGM, Magenta, and Tamesis. The company serves over 3,700 brokers with £1.1bn in Gross Written Premium and is backed by multiple highly-rated insurance and reinsurance capacity providers.

Differentiator

Problem solved

Functional benefit

Brands

• Ashby Underwriting: Branded underwriting product under DUAL
• IPP
• KGM
• Magenta
• Tamesis

Products and services

• High Net Worth Motor Insurance Specialist motor insurance product designed for high net worth individuals, distributed through insurance brokers who place coverage on behalf of their HNW clients with high value vehicles.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• AXAcoreStrategic or Co-development Partner · 1 May 2026New capacity partnership announced in May 2026 with AXA to support DUAL UK's Natural Resources product, specifically designed to support growth of renewable energy sector insurance needs.
• Highly Rated Capacity ProviderscoreStrategic or Co-development PartnerDUAL is backed by many of the world's most highly rated insurance and reinsurance capacity providers. These partnerships provide the financial backing and underwriting capacity that enables DUAL to offer its range of insurance products.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Performance Direct: UK specialist car insurance broker for performance and high-value vehicles including HNW customers. Comparable in serving enthusiast and HNW car owners through intermediary channels.
• Chris Knott Insurance: UK specialist motor insurance broker focused on HNW, modified, and classic car coverage. Direct competitor in the HNW/specialist motor segment with a similar broker-led GTM.
• Aston Scott: UK-based specialist MGA focused on high net worth and prestige car insurance. Directly comparable to aurum in HNW motor underwriting expertise and broker distribution model.
• MCE Insurance: UK-based specialist motorcycle insurance MGA. Comparable as a UK specialist motor underwriting/distribution business, though focused on motorcycles rather than cars.
• Adrian Flux: UK specialist insurance broker for non-standard and high-value vehicles including HNW, performance, and modified cars. Direct peer competing in the specialist motor intermediation space.
• Footman James: UK specialist motor insurance provider for classic, vintage, performance, and high-value vehicles. Direct peer serving a similar enthusiast and HNW customer base.
• Lancaster Insurance: UK specialist motor insurance broker offering coverage for performance, classic, and high-value cars. Direct competitor in specialist motor with broker distribution.

Broad incumbents

• AIG Private Client Group UK: Global insurer offering HNW private client coverage including motor. Major incumbent in UK HNW insurance with a wider portfolio and direct-to-consumer alongside broker distribution.
• Chubb UK: Global insurer offering HNW Masterpiece coverage including high-value motor insurance. Established incumbent in UK HNW insurance with a broader product portfolio than aurum.
• ERS (Equity Red Star Syndicate): Lloyd's-based specialist motor insurance syndicate offering motor coverage across multiple vehicle categories including HNW. Larger incumbent operating in specialist motor with broader scope than aurum.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/aqua-underwriting

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about aurum