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20 April 2018

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MS Amlin downgrades Malaysian branch to rep office

Charlie Thomas and Adam McNestrie 13 April 2018

MS Amlin has let Alexander Milberg go as it prepares to convert its Malaysian branch into a representative office as part of its ongoing remediation efforts, The Insurance Insider has learned.

The London-headquartered carrier is reviewing its operations globally under newly appointed CEO Simon Beale after its Lloyd's Syndicate 2001 fell to a £500mn ($709mn) loss in 2017, as its combined ratio ballooned to 137 percent.

Sources said MS Amlin had decided to reduce its headcount in Kuala Lumpur and...

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