MS Amlin launches specialist equine MGA David Ashby Underwriting Ltd
MS Amlin has announced the launch of David Ashby Underwriting Ltd (DAU), a specialist equine MGA that has been formed following the buyout of MS Amlin’s equine book of business and renewal rights by David Ashby, former Managing Director and Principal Underwriter for Equine at MS Amlin. David Ashby will serve as chief executive officer and chief underwriting officer of DAU, which began underwriting 01 January 2020.
DAU will service MS Amlin’s existing livestock and bloodstock business through a purchase agreement ensuring existing brokers and clients complete continuity of cover and service. It’s combined equine book, which will be focused on bloodstock, commercial breeding, rearing and racing, and equestrian across both sports performance and leisure horses, is expected to underwrite gross written premium of approximately £25 million in 2020.
MS Amlin will serve as lead underwriter for the MGA and provide 50% of capacity for DAU through a joint venture with specialist insurer Hiscox. DAU is part of BPB Underwriting Management Ltd, a new MGA management agency, and will receive business support from Asta Underwriting Management Ltd.
Tom Clementi, AUL CEO, MS Amlin commented, “We are pleased to announce the launch of DAU, which is in line with our new underwriting strategy announced on 30 September. DAU’s strong book of business will enable MS Amlin to retain its participation in the equine insurance market by underwriting via an MGA. We look forward to continuing our working relationship with David Ashby, who has long established himself as a market-leading equine underwriter, and supporting him in this new venture.”
David Ashby, CEO and CUO, David Ashby Underwriting Ltd said: “I’m excited to lead our specialist bloodstock underwriting business and to have secured the ongoing support of MS Amlin, alongside new capacity provided by Hiscox. The confidence BPB Underwriting Management has shown in our team’s underwriting expertise has ensured that our business is off to a flying start and I’m confident that 2020 will be a great success.”
Authored by 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.
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