14 February 2018Insurance

MS Amlin reports £570m loss in 9M

MS Amlin has reported a net loss of ¥84.900 billion (£569 million) for the nine months ended Dec. 31, 2017 after a net profit of ¥18.60 billion in the same period of 2016.

Net premiums written fell to ¥352.00 billion from ¥387.00 billion over the period.

MS Amlin has recorded ¥87.4 billion ($780 million) in nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.

MS Amlin, a subsidiary of MS&AD, provides insurance in property & casualty, marine & aviation and reinsurance for other insurers. The firm underwrites more than 30 classes of business across three underwriting platforms – MS Amlin AG, MS Amlin Underwriting Ltd., Amlin Insurance S.E.

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More on this story

Insurance
5 June 2018   Global re/insurer MS Amlin will commence the process of re-domiciling Amlin Insurance from the UK to Belgium following approval from the National bank of Belgium (NBB).
Insurance
29 March 2018   The MS Amlin syndicate 2001 posted a loss of £499.7 million for 2017, driven by a sharp increase in net claims. This compares to a loss of £35.1 million incurred in 2016.
Insurance
8 January 2018   Specialty re/insurer MS Amlin has established a new Bermuda-domiciled special purpose reinsurer and raised some $55 million from third party investors to back the venture.