MS Amlin
-
Price growth defies modest expectations as carriers including Liberty Mutual, MS Amlin and R+V Re retrench. -
Third-party liability, product liability and pollution liability are the main affected lines in the cut back.
-
This week a clearer sense began to emerge of the likely shape of the 1.1 renewals.
-
The closure follows attempts by Evercore to find a buyer for the underperforming business.
-
The Japanese parent says Lloyd's and European primary insurance profitability lags the forecasts it made in its original business plan.
-
Efforts have also been made to sell the renewal rights to the $100mn aviation book.
-
On Monday, MS Amlin announced that it was pulling out of nine business classes as part of a new wave of remediation work.
-
The carrier last week announced it would gradually shutter nine lines of business, including aviation.
-
The new hire joins as MS Amlin prepares to curtail its casualty operations.
-
The restructuring also entails the creation of a new specialty insurance business through the merger of marine and international P&C.
-
The merged entity recruits Paul Western as underwriting chief.
-
The MS Amlin-owned ILS fund is speaking to Lloyd’s about new entry routes to the Corporation for open-ended ILS funds.
Most Recent
-
Daily Digest: Top news from 30 April
30 April 2025 -
Munich Re Specialty takes AIG’s Horton
30 April 2025 -
Peak Re books 84% P&C CoR for 2024
30 April 2025 -
Canopius to lead Willis follow facility Gemini
30 April 2025 -
M&A Deal Update: The German market heats up
30 April 2025