MS Amlin expands P&I capacity for 2019
Specialty re/insurer MS Amlin has increased its protection and indemnity (P&I) capacity for 2019.
The company would now offer ground up capacity of up to $500 million through MS Amlin Insurance SE, and up to $1 billion with support from Lloyd’s of London and other selected insurers.
Through its Lloyd’s Syndicate 2001, it will provide ground up capacity up to $100 million.
MS Amlin currently provides specialist P&I insurance with a premium income of $60 million, focusing on two core products - shipowners’ P&I, including FDD, and charterers’ liability, including FDD and cargo owners’ legal liability.
The insurer said it will now be able to offer up to $1 billion for shipowners’ P&I, and up to $500 million for charterers’ liability.
"As well as providing capacity for a wide range and size of risks, we are committed to delivering the best in technical P&I services from underwriting, claims, and advisory services, underpinned by the security and financial strength of MS&AD Insurance Group – a top ten global insurer," said MS Amlin in a statement.
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