MS Amlin
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The change reflects the company’s growing profile within the MS&AD group.
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The company’s parent MS&AD reported group profit of 691bn yen for the year.
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Competition is high in specialty reinsurance as new capacity enters the market.
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CEO Andrew Carrier says the business has strong “forward momentum”.
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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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