MS Amlin
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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.
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The ratings agency said the upgrade reflected MS Re's “very strong” balance-sheet.
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The executive will be based in Zurich and report to international CUO Joerg Bruniecki.
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Simon Morgan will succeed Sam Geddes as head of property and allied lines.
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He will oversee the syndicate’s catastrophe modelling capabilities.
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The facility will target operators across the US, onshore and offshore.
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The result was a profitability turnaround of £300mn.
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The MS Re CEO said 1 January oversubscription levels on cat were not notable.
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The company will use MS Amlin to drive international growth.
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The carrier has rebranded its UK entity from MSI EU to MSIG UK.
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