15 February 2017News

MS Amlin joins Flood Re scheme

Specialty insurer MS Amlin has joined Flood Re, the UK Government-backed scheme that covers severe flooding.

MS Amlin is the first Lloyd's syndicate to join the Flood Reinsurance scheme introduced in 2016. The scheme will be accessible by MS Amlin brokers and coverholder partners for new business from February and for renewal business from March 1.

Martyn Dolan, leading class underwriter of household at MS Amlin, commented: "We are delighted to be able to support the Flood Re scheme, providing homeowners with access to affordable cover for their properties in areas prone to flooding.

"MS Amlin's entry into the scheme further demonstrates the strengthening of our mid to high-net-worth home insurance proposition and our commitment to provide brokers with high-quality products that meet the needs of clients."

"We're delighted that MS Amlin has decided to join Flood Re, and we look forward to working with them to help customers in areas at risk of flooding to access more affordable flood insurance," said a spokesperson from Flood Re in a statement.

"We have been working closely with insurers and brokers since before launch and we're very pleased that so many of the UK's insurance providers, including MS Amlin, are offering policies backed by Flood Re."

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More on this story

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21 December 2016   Andrew McKee, the chief executive officer of MS Amlin Underwriting at Lloyd's, is set to leave the company on Dec. 23.
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13 February 2017   Former Flood Re CEO Brendan McCafferty has taken up his new role as CEO for intermediated and direct at AXA.
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6 March 2017   Re/insurer MS Amlin has appointed Frank Padilla as senior international casualty underwriter based in Miami to help it expand into the Latin American market.