Premium Payment & Claims Handling Process
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 email@example.com for any settlements made.
|Account Title||Currency||Sort Code||Acc Number||IBAN||SWIFT / BIC Code||Internal Name|
|Dual Corp Risks Ltd *NTA||EUR||400515||86157930||GB74MIDL40051586157930||MIDLGB22||EUR DDML Prem|
|Dual Corp Risks Ltd *NTA||CAD||400515||86157855||GB62MIDL40051586157855||MIDLGB22||CAD DDML Prem|
|Dual Corp Risks Ltd *NTA||USD||400515||86157949||GB46MIDL40051586157949||MIDLGB22||USD DDML Prem|
|Dual Corp Risks Ltd *NTA||GBP||400515||14607627||GB28MIDL40053014607627||MIDLGB22||GBP DDML Prem|
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; firstname.lastname@example.org) 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
|Dale Lead Claims|
|Broker receives Claim Notification Payment Request from client||Request ECF
Agreement from Dale
|Notify DDML Including
confirmation of Dale agreement
payment to broker
|Dale Subscriber (Follower) Claims|
|Broker receives Claim Notification Payment Request from client||Request ECF Agreement from Lead, and other agreement parties where applicable )||Notify DDML including confirmation of full agreement from lead, other agreement parties & XIS )||DDML makes payment to broker|
If there are any issues at all with this process please contact either of the following:
Premium / Placement / Risk
Claims Agreement / Settlement