MS Amlin unleashes financial lines in Middle East amid M&A surge
Lloyd’s global re/insurer MS Amlin has launched financial lines cover in the Middle East, in response to an increase in M&A and IPO activity across the region.
Tom Horswill, MS Amlin’s senior financial lines underwriter, will lead the new offering, relocating from the insurer’s London office to Dubai. He has more than 18 years’ experience in financial lines and will report to Vipul Gupta, senior executive officer, and lead underwriter.
The new offering includes director & Officers insurance, commercial crime & bankers blanket bond, financial institutions, professional indemnity and public offering of securities insurance. It builds on MS Amlin’s existing presence in Dubai, where it already underwrites hull, political violence, cargo and credit and political risk insurance.
Gupta said: “We’re excited to launch this new line of business, further deepening our commitment to the MENA region.
“The Middle East’s financial landscape is rapidly evolving. With increasing M&A and IPO activity, and tighter regulatory requirements, businesses need specialised insurance solutions to navigate the complexities they face.
“With his extensive Financial Lines experience and technical expertise, Tom is ideally placed to lead the development of this book, and support clients operating in the region’s dynamic market.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
