MS Amlin Underwriting: a return to profit


MS Amlin Underwriting: a return to profit

Johan Slabbert, CEO, MS Amlin Underwriting

It’s been 18 months since industry veteran Johan Slabbert took the helm as CEO of MS Amlin Underwriting, and the Lloyd’s re/insurer has returned to profit. Intelligent Insurer reports.

MS Amlin Underwriting chief executive officer Johan Slabbert’s year-and-a-half tenure at the Lloyd’s re/insurer has been a busy time. From notching up £7.9 million in profit in 2021, to drawing a line under the majority of its regulatory remediation, to making key hires, it’s safe to say MS Amlin Underwriting is not sitting back quietly. 

In addition to securing the nearly £8 million profit, the Lloyd’s re/insurer saw improvements in its claims ratio during 2021, delivering 59 percent, compared with 76 percent in 2020. 

Speaking to Intelligent Insurer, Slabbert said: “There’s been a substantial amount of focus on re-underwriting the existing classes of business, rather than trying to seek growth for the sake of growing out of our problems.”

MS Amlin Underwriting, Profit, Claims, Insurance, Reinsurance, Johan Slabbert, UK

Intelligent Insurer