MS Amlin confirms exit from domestic UK P&C classes

Tom-Clementi,-Chief-Executive-Officer,-MS-Amlin-Underwriting-Ltd

Product lines include Corporate Property, Real Estate, Casualty and Package Binders

MS Amlin, the global (re)insurer, confirms that it will cease underwriting Corporate Property, Real Estate, Casualty and Package Binders through its UK P&C business with effect from 31st January 2020.

This announcement follows the outcome of MS Amlin’s comprehensive underwriting review undertaken earlier this year which identified product lines and operations no longer aligned to its future strategic vision. As part of the new underwriting strategy, MS Amlin will be redeploying its capital and management focus to its three core markets of global reinsurance, global specialty and domestic specialty markets in continental Europe. The decision to exit the above UK classes will not impact MS Amlin’s remaining P&C Lloyd’s business or UK digital platform.

Tom Clementi, CEO of MS Amlin Underwriting Limited, commented: “The decision to place these classes into run-off will enable us to focus on our core markets and ensure we are best placed to serve our clients going forward. The decision aligns with the new underwriting strategy we outlined on 30th September and the steps we have taken to remediate the business since then. We are committed to supporting both our customers and our people through this process.”

Authored by MS Amlin

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About MS Amlin

MS Amlin is a leading global specialty commercial insurer and reinsurer with operations in the Lloyd’s, UK, Continental European and Bermudian markets. 

Comprising Mitsui Sumitomo’s London and Bermuda-based operations and the historic Amlin businesses, MS Amlin specialises in providing insurance cover for a wide range of risks to commercial enterprises and reinsurance protection to other insurers around the world.

It is wholly owned and fully supported by the financial strength and scale of MS&AD of Japan, the eighth largest non-life insurer in the world. To learn more, visit www.msamlin.com.