MS Amlin announced it is now operating as one brand in the Lloyd’s market, as a single managing agency, MS Amlin Underwriting Ltd.
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 P&C, as well as 13 classes in reinsurance, MS Amlin said in a statement.
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), the company said.
Relevant underwriters will have the ability to 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 Jan. 1, 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&AD expects MS Amlin to be the driver for the organisation to become a world leading insurance and financial services group,” said Charles Philipps, CEO of MS Amlin.
“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,” Philipps said.
Source: MS Amlin
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