MS Amlin
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A KPMG poll finds four fifths of insurers plan M&A or partnerships in the next three years.
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The alliance with the insurer comes a month after the carrier closed its Lloyd's India branch.
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MS Amlin will use the AI start-up’s technology to drive premium growth.
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The carrier adds expertise in property and energy, cargo and P&I.
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It is still unclear where the product-market fit is for blockchain in insurance, according to a speaker at the InsiderTech London conference.
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The carrier retreats just over a year after making its debut on the platform as Markel International gains its Indian licence. -
The global facility has raised its limit to $750mn.
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Simon Smith will join as COO in July under recently arrived CEO Simon Beale.
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The MS Amlin Insurance SE CEO and global managing director of MS Amlin’s P&C business will pursue opportunities outside the firm, according to an internal memo.
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Net income at MS Amlin fell from a 12.3bn yen profit to a 110.4bn yen loss following the North American hurricanes and Californian wildfires.
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Anaemic rates have forced the carrier to abandon the business line.
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