MS Amlin, the Lloyd’s global re/insurer, has confirmed this is in response to an increase in M&A and IPO activity across the region.
MS Amlin, through the new offering, will enable businesses to access six new core services including Director & Officers insurance, Commercial Crime & Bankers Blanket Bond, Financial Institutions Professional Indemnity, and Public Offering of Securities Insurance.
Building on its existing presence in Dubai, where it has been underwriting Hull, Political Violence, Cargo and Credit and Political Risk insurance.
Tom Horswill, MS Amlin’s Senior Financial Lines Underwriter, has been appointed to lead the new offering, hence he will be relocating from the insurer’s London office to Dubai.
Horswill has more than 18 years of experience in Financial Lines and will report to Vipul Gupta, Senior Executive Officer, and Lead Underwriter.
Gupta commented, “We’re excited to launch this new line of business, further deepening our commitment to the MENA region. The Middle East’s financial landscape is rapidly evolving. With increasing M&A and IPO activity, and tighter regulatory requirements, businesses need specialised insurance solutions to navigate the complexities they face.
“With his extensive Financial Lines experience and technical expertise, Tom is ideally placed to lead the development of this book, and support clients operating in the region’s dynamic market.”
