Global re/insurer MS Amlin has partnered with London-based Folgate Insurance Company to underwrite Folgate’s business as it looks to re-launch in the UK market in 2019.
The companies will collaborate on underwriting Property, Liability, Professional Indemnity and other lines of business throughout the UK from next year.
Folgate’s managing agent, APC will facilitate the underwriting to ensure continuous service for its panel of supporting brokers.
“We are absolutely delighted to re-launch Folgate into the UK market with a partner as strong as MS Amlin. This is the start of moving Folgate back to where it once was,” said Ian Russel, Chief Underwriting Officer of Folgate.
“There have been recent signs that the market is turning, especially in London, therefore this new partnership could be valuable for a lot of brokers and MGA’s in the UK during 2019,” Russel continued
Richard Coxon, Head of Underwriting – P&C UK at MS Amlin, also commented: “Partnering with a UK Insurer established in 1877 was an attractive offering to say the least and we are very much looking to being part of the Folgate launch.
“If you combine the Underwriting expertise, strength and knowledge of the UK from APC, MS Amlin and Folgate, you have a very strong offering to the UK broker market.”
Folgate was acquired by APC in 2014 having been put into run-off by former owner Towergate in 2002.
