we receive e we publish the following Press release spread by DUAL Italy.
It still grows DUAL Italy, insurance and reinsurance underwriting agency, the largest Italian MGA (Managing General Agency). The Shareholders' Meeting approved the results for the 2024 fiscal year ended September 30. Total premium income reached 112,1 million euros of taxable premiums, 12% more than the previous year.
Ranking: first MGA in Italy
2025 marks 25 years of DUAL in the Italian market. “From our debut, a quarter of a century ago, as the first MGA established in Italy – comments Maurizio Ghilosso, CEO of DUAL Italia and Executive Chair of DUAL Europe – to the leadership position that for many years has seen us lead the ranking for gross revenues of Italian MGAs with a market share of 21%. Credit first and foremost to our commercial partners, 1.100 agents and brokers who choose DUAL Italia every day to protect their clients”.
Ghilosso also emphasizes the insurance capacity and the quality of the Carriers that support DUAL Italia: “Risk appetite, breadth and depth of the available insurance capacity – he states – allow us today to be a reference partner for both small and medium risks, as well as for large and complex ones. In this sense, the change of pace has occurred thanks to DUAL Europe which, since its establishment in 2022, has been well structured with leading professionals who lead the Hubs, our European centers of excellence in the underwriting field”.
This year, DUAL Italia has exceeded 100 employees. “It is a young, competent, motivated team,” Ghilosso emphasizes, “and with a formidable female presence: 73% in the clerical levels and 71% in managerial positions.”
Engineering & Construction and Title Insurance Grow, Enter the Health Liability Market
In 2024, DUAL Italia grew significantly, in addition to the historic Financial Lines business, in various product lines. “The most significant growth – specifies the General Manager of DUAL Italia, Mauro Semenza, – was recorded in Engineering & Construction, where we are able to deploy significant insurance capabilities, and in Title insurance, where for years we have been offering solutions for real estate and company shares of donation or inheritance origin, now expanded to insure a wide range of risks related to property ownership. The Cyber and Fine Art & Specie lines also gave great satisfaction, with respect to which the combination of local insurance capacity with European one was a critical success factor. Finally, last year we entered the healthcare liability market for which, in addition to coverage for nursing homes and private healthcare facilities and RSA, already in the catalog, we will soon launch solutions for the gross negligence of hospital doctors”.
Yesterday, the national event DUAL Italia “Yesterday, Today and Tomorrow – Conference & Party” was held in Milan: “We celebrated our first 25 years – explained Semenza – together with our network of Partners, consultants, the top management of our Group and the people who have contributed to building our history over the years”.
Intermediaries
The sales network further grew in 2024. At the end of the financial year, it could count on over 1.100 agents and brokers. To support the professional skills of the Distribution Partners, 48 DUAL School sessions were organized last year for over 7.000 hours of training.
In April, 6 stages of the national roadshow were also held, with the participation of over 700 intermediaries. Also in the marketing and communication field, during the past financial year, DUAL Italia intensified its information activity towards the network by publishing 48 DUALetter dedicated to products, news, training and marketing tools.
Corporate Social Responsibility
Also in terms of corporate social responsibility, DUAL Italia has intensified its activities, supporting for the 14th consecutive year the initiatives of the Milan Monza Brianza section of LILT, the Italian League for the Fight against Tumors, dedicated to pediatric oncology. Also worth mentioning, with LILT, is the presence of DUAL Italia as a national sponsor of the Pigiama Run and its participation in the Milan Marathon.
With the other charity partner, AGPD – Association of Parents and People with Down Syndrome, DUAL Italia promoted the exhibition “Identikit. The Power of Identity”, an educational photographic project, organized together with 24 ORE Cultura and Mudec – Museum of Cultures.
Finally, a third partnership was started with the Diesis Association, which deals with activities in favor of people on the autism spectrum. In fact, for about a year now, a new neurodivergent colleague has been working as a Graphic Designer in the Marketing division. The story of this new inclusion experience, after the previous and consolidated hiring of two people with Down syndrome, was the focus of the event “Neurodiversity: if you know it… you include it!”, organized as part of the Dive In Festival 2024.
Within the same event on diversity and inclusion, promoted by Lloyd's within the financial and insurance sector, DUAL Italia took part in two other events: “Giving back – From fundraising to corporate volunteering, the advantages for companies and employees” and “Intellectual disabilities, from saying to doing also in the company”.
