If you are placing business under our DDML facility, alongside syndicate 1729, the following are the steps you need to follow, for servicing both Premium & Claims.
Payment of premium for all DDML policies are to be submitted to the below bank details. Please also provide remittance advice promptly to firstname.lastname@example.org for any settlements made.
All DDML shares will be rendered to you, directly via Dual and as detailed within your TOBA.
In practical terms, your claims team will simply need to evidence to DDML/ Dual (using the email address; email@example.com) that the Dale syndicate share has been approved for payment.
As evidence of our agreement for 1729, you will need to supply either:
For Dale (1729) Lead business
Sight of the ECF screen indicating the Dale agreement on the Lloyd’s 1729 portion, or
The agreed LCCF (if a paper based, lead file)
For Non-Lead business (ie where 1729 are NOT a claims agreement party)
Sight of the ECF screen reflecting the full market agreement to the settlement, ie Lead(s) plus DXC
Sight of the Take Down Number & Date, for non ECF presentations.
Once you have provided evidence of lead, or full market agreement, DDML will settle their respective share, with you directly.
Claims Notification & Payment Process DDML
If there are any issues at all with this process please contact either of the following:
Premium / Placement / Risk
Claims Agreement / Settlement