DUAL Europe is expanding its specialty lines across the continent with the launch of its Trade Credit Insurance business, with capacity provided by Axeria, a pan-European carrier.

Frank Masteling will lead the Trade Credit business. The executive joined the company as Head of Trade Credit, DUAL Europe, following his tenure as Managing Director at Nexus Trade Credit, overseeing operations in the UK and Europe.

Masteling has also previously held senior commercial and underwriting positions at Atradius and Rabobank.

Additionally, DUAL Europe has also established dedicated Trade Credit teams based in the Netherlands, Germany, and Spain, with Italy to follow shortly.

This move reinforces DUAL’s commitment to providing localised expertise and customised solutions to brokers and clients, the firm noted.

In the Netherlands, Joost van Steen has been named Head of Trade Credit, DUAL Benelux. He brings over 25 years of experience in the industry, having previously held leadership roles at Howden Nederland / VLC & Partners, Marsh, Allianz Trade, and Coface, where he spent 14 years in claims and commercial roles.

Frederik Weiss, a seasoned credit insurance professional with nearly two decades in underwriting, business development, and broker management, is joining DUAL Deutschland as Head of Trade Credit.

Previously, he spent 13 years at Allianz Trade Deutschland, where he held a number of roles, most recently serving as XoL Underwriter.

Almudena Arribas joined DUAL Ibérica as a Financial Analyst. An expert in underwriting, analysis, and client support, the executive brings over 20 years in credit risk, including 18 years at Coface to her new role at DUAL.

Robert de Bruyn was named Head of Trade Credit, DUAL Iberica. He brings over 13 years of experience at Coface and previously worked at Nexus Trade Credit in commercial roles selling credit insurance policies to Spanish corporates.

Masteling commented: “We’re seeing a clear need from businesses across Europe for greater flexibility and reliability in their credit insurance.

“OUR dedicated teams based in local markets are perfectly placed to deliver responsive, tailored solutions that help clients manage credit risk more effectively and continue growing with confidence.”

The offer will focus on two innovative credit insurance products: Top-Up and Non-Cancellable Credit Limits. These have been designed to address the increasing demand for better coverage and more certainty in a volatile global trade environment.

Top-Up coverage enables clients to secure extra protection above the limits primary insurers offer, helping maintain smooth trade with key buyers. Two new products will be launched within this category: Top-up Easy Start and Top-up Easy Limits.

Meanwhile, Non-Cancellable Credit Limits provide consistent coverage regardless of market volatility, giving businesses the predictability they need to plan, DUAL explained.

Sébastien Seux, CEO, Axeria, said: “We are delighted to extend our partnership with DUAL Europe into the Trade Credit space. This represents a strong opportunity led by a renowned expert, and we look forward to the success of this strategic collaboration.

Olaf Jonda, CEO, DUAL Europe, stated: “With a dedicated team of professionals across Europe, bringing over 100 years of cumulative expertise, we are confident that Frank’s appointment and these new products clearly strengthen our position as the partner of choice for brokers, particularly in Trade Credit where we see significant opportunities to help our brokers deliver bespoke solutions to their clients”.

Masteling to lead DUAL Europe’s new Trade Credit business

DUAL Europe has launched its Trade Credit Insurance business, with capacity provided by Axeria, and Frank Masteling as leader. The initiative includes dedicated teams in the Netherlands, Germany, Spain, and Italy, and the introduction of two innovative credit insurance products: Top-Up and Non-Cancellable Credit Limits. The move underscores DUAL’s commitment to localized expertise and tailored solutions for brokers and clients.