MS Amlin
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Plus the lowdown on the potential Howden-TigerRisk tie-up and all the top news of the week. -
Catastrophe claims were up 75% for the year, whilst Covid-19 claims shrank to £13mn.
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Robert Margetts becomes the latest senior departure from Compre, following the exit of chief development officer Eleni Iacovides.
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The carrier has bolstered its property team following several staff exits earlier this year.
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Before his departure, he held the role of head of crisis management at the carrier for two years.
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The association aims to create a “single voice” for carriers when lobbying governments and regulators
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Amid ongoing restructuring, poor performance from discontinued classes is weighing on the bottom line.
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The reinsurer will focus on three UN Sustainable Development Goals (SDGs) to help it achieve carbon-neutrality by 2050.
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The senior underwriter has worked at Sirius, Novae, Mitsui Sumitomo and Chaucer.
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The deal allows MS Amlin to carve out the P&C portfolio for 2019 and prior years in an industry first.
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The ratings agency said that the reinsurance arm of MS Amlin was expected to make a “significant” loss after tax in 2021.
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Sources described the deal as a collegiate agreement, and long term the carrier is still understood to be committed to the US property market.
