MS Amlin
-
The subsidiary’s financial result swung from loss to profit for the period.
-
Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.
-
MS Re reported a net profit of $366mn, which was hailed as a “watershed” for the company.
-
The ratings agency said the upgrade reflected MS Re's “very strong” balance-sheet.
-
The executive will be based in Zurich and report to international CUO Joerg Bruniecki.
-
Simon Morgan will succeed Sam Geddes as head of property and allied lines.
-
He will oversee the syndicate’s catastrophe modelling capabilities.
-
-
The facility will target operators across the US, onshore and offshore.
-
The result was a profitability turnaround of £300mn.
-
The MS Re CEO said 1 January oversubscription levels on cat were not notable.
-
The company will use MS Amlin to drive international growth.
Most Recent
-
Cincinnati Global takes Aegis’s Hyett to launch cargo account
21 October 2024 -
PIB mandates Evercore for sale process
21 October 2024 -
Hannover Re sets out stall for retention relief products
21 October 2024 -
Risk managers warn of growing threat of uninsurable risks
21 October 2024 -
Daily Digest: Top news from 21 October
21 October 2024