DUAL UK acquires International Passenger Protection

DUAL UK today announces the acquisition of International Passenger Protection (IPP) subject to regulatory approval in both the UK and Malta. This acquisition positions DUAL UK as a leader in the Travel Financial Failure insurance market.

Founded in 1990, IPP is an MGA based in London, and provides cover against insolvency of travel operators or other related suppliers. IPP offers a range of products all geared towards financial failures, protecting travelling consumers against critical failures which lead to the insolvency or default of travel related corporates.  

Simon McGinn, CEO of DUAL UK said: “IPP is a pioneer in all the products they offer and is recognised as a leader in the travel sector. This acquisition adds a strong new product set to DUAL’s UK portfolio, and positions us as the market leader in Travel Financial Failure insurance. As we look at our growth plans, I also see this as a great opportunity to further build the IPP business as they collaborate with colleagues across DUAL and the wider Howden business, providing them the opportunity to access DUAL’s broker network and carrier partners. I’m looking forward to welcoming all of the IPP team to DUAL.”

Paul Mclean, Managing Director of IPP added: “We are looking forward to the next chapter for IPP in DUAL. We can already see some of the great benefits of being part of one of the world’s leading MGAs and becoming part of the Howden family. Being part of a large organisation will give us access to a network of brokers and capacity to further grow our business. I am confident that being part of DUAL will also bring wider benefits to our clients allowing us to continue offering great levels of service. We’re excited the future!”

Following completion Brian and Paul Mclean will remain in the business.