MS Amlin to operate under single brand in Lloyd’s
MS Amlin, a specialty commercial insurer and reinsurer, has announced that from 3 May 2016, it will operate as one brand in the Lloyd's market, as a single managing agency, MS Amlin Underwriting.
Operating from 22 locations across three continents, the MS Amlin business will inherit Amlin's tripartite legacy business unit structure: marine and aviation under the leadership of Andrew Wright, property and casualty, headed up by Kim Hvirgel and reinsurance, led by James Few. The latter will combine with MS Frontier (Bermuda) to support the 2017 renewal season.
The largest capacity provider at Lloyd’s, MS Amlin will write over 30 classes across marine & aviation and property and casualty (P&C), as well as 13 classes in reinsurance. While there will be no change in risk appetite nor current line capacities before the end of 2016, clients will immediately benefit from MS Amlin’s ability to underwrite across syndicates 2001 and 3210 (where both syndicates operate in the same classes).
Relevant underwriters will use a dual stamp on business for the remainder of 2016, allowing clients to be served more efficiently. It is intended that syndicates 2001 and 3210 will be merged with effect from 1 January 2017, with an ability to offer larger lines than either offer today.
In Lloyd’s, the combined marine teams will be located on the ground floor while teams of all other classes will be located together by the end of May. There will be no change to client contacts but brokers, clients, coverholders and external parties will now interact with MS Amlin as an integrated business.
MS Amlin is wholly owned and fully supported by the financial strength and scale of MS&AD of Japan, the eighth largest non-life insurer in the world.
Charles Philipps, chief executive officer of MS Amlin, said: “MS&AD expects MS Amlin to be the driver for the organisation to become a world leading insurance and financial services group. We will achieve this by establishing a leading position at Lloyd’s and globally in our P&C, reinsurance and marine and aviation markets.
“While there is work still to do, we are making good progress with the integration of the businesses and I am excited by the prospect of our combined entity offering a developed distribution for our brokers, more comprehensive coverage for our clients and an enhanced service."
