Lloyd’s global insurer and reinsurer, MS Amlin, has opened a branch of its Asia Pacific Reinsurance business, MS Amlin Pacific Pte. Ltd., in Sydney, expanding its presence to Australia, subject to Lloyd’s approval.
The reinsurer has also appointed Matt Botfield as Head of Australia and New Zealand to support the regional client portfolio and ongoing broker relationships managed by the Asia Pacific team in Singapore.
Australia and New Zealand see a large proportion of risks written by the reinsurer’s Asia Pacific team. As part of its growth agenda, the company is setting up a branch office to give it an on-the-ground presence and impact.
Botfield will also drive growth in new business development and utilise MS Amlin’s broader underwriting capabilities to develop solutions for clients regionally.
The reinsurer explained that the operations in Australia will be “accretive and not disruptive to the current portfolio written from London.”
Prior to this, Botfield served at Aon Reinsurance China as Chief Operating Officer for Greater China and Chief Executive Officer of Alternate Insurance Authority Hong Kong. Before this, he spent 14 years at Aon Benfield in several senior roles, including Head of Property Australia and New Zealand.
Ho commented, “We’re excited to expand our presence in the Asia Pacific region, with the launch of a dedicated branch in Australia, where we see significant untapped potential.
“Matt’s appointment highlights our ambition to grow in this dynamic region and secure new high-quality business, including domestic risks that typically wouldn’t come into Lloyd’s. With his extensive local market knowledge and well-established relationships, Matt will play a key role in helping us capture these opportunities in Australia and New Zealand.
“We look forward to leveraging the full strength of MS Amlin’s underwriting and claims expertise to support the market’s growing reinsurance needs.”
