MS Amlin

This publication revealed the move earlier this year.

Sam Geddes will join Syndicate 1918 next year in an executive leadership role.

The recruits will join from Nephila, Aon and Malaysian Re.

California wildfire losses were partially offset by improved underlying underwriting.

Dart succeeds Andrew Carrier, who will retire at the end of the year.

Peter Cordell will join Syndicate 1729 in January.

Category 4 and 5 storms could become more common and hit further north.

The carrier has entered several new classes recently, including specie and reinsurance.

The underwriter joined MS Amlin in 2020 after more than 24 years with Markel.

The change reflects the company’s growing profile within the MS&AD group.

The company’s parent MS&AD reported group profit of 691bn yen for the year.

Competition is high in specialty reinsurance as new capacity enters the market.

CEO Andrew Carrier says the business has strong “forward momentum”.

The launch is part of MSI’s strategy to expand the capacity of its UK subsidiaries.

Improved underwriting helped absorb claims from the Baltimore bridge collapse and Hurricane Helene.

The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.

New entrants have contributed to competition in the class of business.

Deputy CUO Sam Geddes will lead the division.

The upstream market is now in softening territory, with capacity still abundant.

Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025.

Parent MS&AD highlighted “strong underwriting fundamentals”.

Paul Keaveney leaves Zurich after nearly a decade with the carrier.

A significant amount of new capacity has flowed into the political violence and terror market in recent months.

The subsidiary’s financial result swung from loss to profit for the period.

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.

The ratings agency said the upgrade reflected MS Re's “very strong” balance-sheet.

The executive will be based in Zurich and report to international CUO Joerg Bruniecki.

Simon Morgan will succeed Sam Geddes as head of property and allied lines.

He will oversee the syndicate’s catastrophe modelling capabilities.

Burke stepped into the role on an interim basis in October 2023.

The facility will target operators across the US, onshore and offshore.

The result was a profitability turnaround of £300mn.

The MS Re CEO said 1 January oversubscription levels on cat were not notable.

The company will use MS Amlin to drive international growth.

The carrier has rebranded its UK entity from MSI EU to MSIG UK.

Senior underwriter Tom Horswill is to relocate from London to Dubai to lead the offering.

Finance minister describes the activity as “widespread, repeated and continuous”.

Current marine head Laurence Humberstone is set to retire after 19 years at the carrier.

The improved underwriting performance was driven by reduced losses relating to Russia and Ukraine.

The underwriter will retain his responsibilities as lead underwriter for credit and political risk.

Grant Baxter joined the business last year and was named CUO in a restructure under CEO Andrew Carrier.

The executive has also worked for Aviva in senior group finance roles.

Insurance Insider has compiled a bite-sized wrap-up of the exclusive news stories and CEO interviews from this year's Monte Carlo Rendez-Vous.

The executive will move to the (re)insurer after almost two years at Gallagher Re, a company he joined after the acquisition of Willis Re in late 2021.

Andrew Carrier said after wide ranging remedial work, the Lloyd’s carrier was targeting “measured, profitable growth” for 2024.

The resignation follows the appointment of Sedgewick's Julie Ross to lead the team.

The reduced impact from the war in Ukraine helped the carrier continue a spell of profitable underwriting.

The hire follows an exodus from the recall team, as Mitchell, Fouquet and Fornah resign.

The fronting company said impairment to Vesttoo’s LoC collateral will be "immaterial".

Lloyd Fornah’s departure follows the resignations of Ed Mitchell and senior underwriter Vanessa Fouquet earlier this year.

Previously, Shaw was lead underwriter at MS Reinsurance and lead underwriter at MS Amlin’s Bermuda office.

Ed Mitchell and Vanessa Fouquet are set to join BluNiche and Dual, respectively.

Parent company MS&AD reported a net profit for fiscal 2022 of 161.5bn yen.

It emerged in March that Tim Welsh was leaving MS Amlin after almost three decades at the business.

The pair will report to CRO Vishal Desai.

MS Amlin has added ex-JLT broker Lacy Lighterness to its cargo team.

MS Amlin Syndicate 2001 – one of the largest in the Lloyd’s market – reported a combined ratio of 99.9% for 2022.

The results show 2022 was the first year in which MS Amlin Syndicate 2001 has reported an underwriting profit since 2015.

Jessica Turner will report to Martin Burke, director of underwriting performance.

The property underwriter has also worked for Beazley and Liberty Mutual.

The appointment follows the business unit’s rebrand last year.

Alun Thomas will report to Bermuda CEO Chris Bonard.

Group CEO Noriyuki Hara told NikkeiAsia the company was targeting groupwide adjusted ROE of 10% by 2025.

Execution of the legacy transaction ticks off another major piece of work for MS Amlin in its turnaround of Syndicate 2001.

The carrier also recorded a deterioration in investment performance amid financial market turbulence.

His departure comes after a phase of rebuilding the carrier’s commercial property team.

The vehicle was upsized by 20% from 2022.

Having joined the company in 2016, the executive was working as a lead underwriter in LATAM prior to the announcement.

As a decline in InsurTech investment continues and risk capacity providers reconsider their support, sources expect many InsurTech MGAs will have to review and potentially pivot their business models.

Andrew Carrier’s appointment as CEO was announced in October, with Andrew Slabbert taking on the top role at MSIG in the US.

The CVC-backed legacy player edged out Enstar in the process which was run by Gallagher Re.