MS Amlin
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CEO Andrew Carrier says the business has strong “forward momentum”. -
The launch is part of MSI’s strategy to expand the capacity of its UK subsidiaries.
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Improved underwriting helped absorb claims from the Baltimore bridge collapse and Hurricane Helene.
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The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
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New entrants have contributed to competition in the class of business.
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The upstream market is now in softening territory, with capacity still abundant.
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Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025.
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Parent MS&AD highlighted “strong underwriting fundamentals”.
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Paul Keaveney leaves Zurich after nearly a decade with the carrier.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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The subsidiary’s financial result swung from loss to profit for the period.
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