10 January 2019Insurance

MS Amlin expands P&I capacity for 2019

Specialty re/insurer MS Amlin has increased its protection and indemnity (P&I) capacity for 2019.

The company would now offer ground up capacity of up to $500 million through MS Amlin Insurance SE, and up to $1 billion with support from Lloyd’s of London and other selected insurers.

Through its Lloyd’s Syndicate 2001, it will provide ground up capacity up to $100 million.

MS Amlin currently provides specialist P&I insurance with a premium income of $60 million, focusing on two core products - shipowners’ P&I, including FDD, and charterers’ liability, including FDD and cargo owners’ legal liability.

The insurer said it will now be able to offer up to $1 billion for shipowners’ P&I, and up to $500 million for charterers’ liability.

"As well as providing capacity for a wide range and size of risks, we are committed to delivering the best in technical P&I services from underwriting, claims, and advisory services, underpinned by the security and financial strength of MS&AD Insurance Group – a top ten global insurer," said MS Amlin in a statement.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

ILS woes could trigger hardening in retro markets

Brightside launches new MGA Kitsune backed by R&Q

AXA XL partners with AI specialist on property risk engineering risks

Europe’s Reinsurance Advisory Board makes case for internal models

Willis Towers Watson names new head of Australasia

Aon partners with SBC InsurTech on commercial and speciality lines

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
14 January 2019   Re/insurer MS Amlin's chief financial officer (CFO) John Worth is stepping down from his role to join Hastings Group, a UK-based insurance provider.
Insurance
26 November 2018   Syndicate Research (SRL) has changed the outlook for the Continuity Opinion of Lloyd's syndicate 2001 (MS Amlin Underwriting) to negative due to the “difficulty in turning around” the operation.
Insurance
19 November 2018   UK-based Folgate Insurance Company has partnered with re/insurer MS Amlin to underwrite its business for 2019.