DUAL ENTERS MINING INDUSTRY SECTOR

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PRESS RELEASE

DUAL APPOINTS REGIONAL MANAGING DIRECTOR OF ASIAN OPERATIONS [Tuesday, 22 October 2013]: DUAL International, part of Hyperion Insurance Group, announced today the appointment of Mark Spadaccini as Regional Managing Director of DUAL Asia, responsible for both the Hong Kong and Singapore offices. Currently Managing Director of DUAL Singapore, Spadaccini has been with DUAL for 5 years, and will be responsible for the next stage of development of the Asian operations. He will continue to report to Damien Coates, CEO of DUAL Asia Pacific. Coates commented: "Our business in Asia began in Hong Kong in 2009, and with our Singaporean operation now a year old and fully established we can begin to further align our approach as we develop in this important region for DUAL. Philip Chiu, General Manager of DUAL Hong Kong, has been instrumental in laying the foundations for our platform in the region, and my personal thanks go to him for his leadership. With Phil now leaving DUAL, Mark, who has worked so hard to launch and develop our operation in Singapore, steps up to lead the aligned charge. He is very well placed to take DUAL Asia, with the support of our partner MSIG, to the next level. As part of this restructure, Jodie Chung, a founder of our Hong Kong business, will also be promoted to General Manager – Hong Kong, reflecting her immense contribution to the business." Spadaccini said: "I am delighted to be asked to lead DUAL Asia into its next chapter. Our specialist business, in conjunction with MSIG's unique distribution platform continues to develop strongly with close to 2,000 policyholders. With further expansion into Asia's exciting emerging markets, we are ready to build on the strong foundations we have laid as we seek to become the leading specialist underwriting agency in the region."

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Contact: DUAL Asia Pacific Damien Coates CEO

T: E:

+61 (2) 9248 6333 [email protected]

DUAL International Shane Doyle CEO

T: E:

+44(0)20 7337 9888 [email protected]

Redleaf Polhill (for media enquiries) Lauren Franze / Sally Walton

T: E:

+ 44 (0) 20 7382 4747 [email protected]

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The DUAL Group The DUAL Group is the specialist underwriting arm of the Hyperion Insurance Group, and is focused on underwriting business critical risks. DUAL has become a well-established and respected leading underwriter with annual gross written premiums of over £250 million and now employs over 200 people in offices across Europe, Asia Pacific and the Americas. For more information please visit www.dualgroup.com Hyperion Insurance Group Hyperion is an international insurance and reinsurance intermediary group with divisions in broking and underwriting. The Group has businesses across Europe, Asia, the Middle East, the USA, Latin America, Australia and New Zealand, and employs more than 1500 people in over 70 offices operating out of 30 countries. The Group was awarded its second Queen’s Award for Enterprise in International Trade in 2012. For more information please visit www.hyperiongrp.com