MS Amlin

The carrier cut back net written premiums in its overseas operations by 12.3% following restructuring at MS Amlin. 

The fundamental issue of causation, as well as trends clauses and the Orient Express judgment, will be under scrutiny.

The carrier will continue to provide capacity for the business, which will rebrand as Haven Knox-Johnston.

The leadership switch follows a restructuring of the CUO function of the Lloyd’s business, and is the latest in a series of changes across the wider group.

The move marks the latest sign of capacity retreat from the sector.

The carrier will continue to write reinsurance treaty and crisis management business in the territory.

The hotly anticipated judgment will be a milestone in the ongoing dispute about how carriers respond to Covid lockdown-related losses.

Specialty CUOs Andrew Wright and Mark Clements, and reinsurance CUO Phil Wooldridge step down as the newcomer is charged with “repositioning”.

The London market business booked the majority of its Japanese parent’s fiscal Q1 Covid-19 losses.

Insurers involved in the Financial Conduct Authority (FCA)’s test case for BI disputes have contested the regulator’s assertion that the Covid-19 outbreak was the proximate cause of insureds’ losses.

Carriers must “stop the clock” on claim time limits from today until the court outcome.

The late July High Court hearing will also involve Arch, Argenta and QBE.