Reinsurance News
MS Amlin
MS Amlin appoints Sam Phibbs as Head of Catastrophe Research
26th March 2024
MS Amlin, the Lloyd’s global re/insurer, has announced the appointment of Sam Phibbs as its new Head of Catastrophe Research, reporting to Head of Risk Analytics, Jessica Turner. Phibbs' remit in the new role will include overseeing the syndicate’s catastrophe modelling capabilities across all perils, from hurricanes and flooding to wildfire ... Read the full article
MS Amlin names Martin Burke as permanent CUO
19th March 2024
MS Amlin, the Lloyd's global insurer and reinsurer, has announced that Martin Burke has been appointed as Chief Underwriting Officer (CUO) on a permanent basis. Burke took up the role as interim CUO in October last year, having previously served in several senior roles since joining the business in 2012. Over the course ... Read the full article
MS Amlin returns to profitability in 2023, reports lowest CoR in a decade
12th March 2024
MS Amlin, the Lloyd's global insurer and reinsurer, achieved its strongest adjusted combined ratio for more than a decade in 2023 with a 9.6 percentage point improvement to 86.6%, with Chief Executive Officer (CEO), Andrew Carrier, describing it as a landmark year for the business. As well as being the firm's ... Read the full article
Mitsui Sumitomo reportedly to increase underwriting capacity in London to £3bn
15th February 2024
Japanese insurer Mitsui Sumitomo Insurance (MSI), owner of Lloyd’s of London underwriter MS Amlin, is investing in the UK hub as it announces its plans to increase its underwriting capacity to £3 billion in the next five years. According to a recent report by the Financial Times, Mitsui Sumitomo plans to ... Read the full article
MS Amlin sees £250m net income in 9M23, combined ratio hits 90%
14th February 2024
MS Amlin's net income jumped to £250 million for the first nine months of 2023, representing an increase of £237 million year-on-year. The substantial rise in net income comes as the company benefited from top-line growth, improved profitability, and reduced catastrophes. The company also posted a £309 million insurance service profit, an ... Read the full article
MS Amlin completes first ever renewal of ILS arrangement in Singapore with Phoenix 2 Re
25th January 2024
MS Amlin, the Lloyd’s global specialty re/insurer, has confirmed that its Singapore-domiciled operation, MS Amlin Asia Pacific Pte. Ltd (MS AAP), has secured collateralised capacity through numerous investors worldwide for the successful renewal of its local special purpose reinsurance vehicle (SPRV), Phoenix 2 Re. This is the fourth Phoenix Re collateralized ... Read the full article
MS Amlin launches Financial Lines cover in Middle East
3rd January 2024
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 ... Read the full article
MS Amlin appoints Clare Constable as Chief Claims Officer
8th December 2023
Lloyd’s global re/insurer MS Amlin has appointed Clare Constable to the newly created role of Chief Claims Officer, reporting to Andrew Carrier, Chief Executive Officer (CEO). The appointment is effective from January 1st, 2024, subject to regulatory approval. This promotion is part of a drive to create a joined-up Claims and Underwriting ... Read the full article
MS Amlin promotes Stuart Forsyth to Head of Marine
30th November 2023
MS Amlin, Lloyd’s global insurer and reinsurer, has promoted Stuart Forsyth to Head of Marine, as Laurence Humberstone retires after 19 years with the firm. Forsyth currently serves as the Lead Underwriter for Hull & Hull War. His remit in the new role will include being responsible for leading the growing ... Read the full article
MS Amlin posts 91.6% combined ratio in Q2’23, as insurance profits rise
17th November 2023
MS Amlin, the Lloyd’s global re/insurer, has published its results for second quarter 2023, which includes a combined ratio of 91.6%, compared to last year’s 100.6%. The improved combined ratio resulted in a better underwriting result with an insurance profit of £156 million, which represented an increase of £147 million from ... Read the full article
MS Amlin names Jamie Cleary Head of Crisis Management
24th October 2023
Global re/insurers, MS Amlin, has announced the promotion of Jamie Cleary to Head of Crisis Management, alongside his existing responsibilities as Lead Underwriter for Credit and Political Risk. Effective immediately, Cleary will be based in London and will report to Neil Walker, Deputy Chief Underwriting Officer and Head of Speciality Insurance. He ... Read the full article
MS Amlin names Jessie Burrows as new CFO
19th September 2023
MS Amlin, the Lloyd’s global re/insurer, has announced Jessie Burrows is to succeed Phil Green, who is retiring, as Chief Financial Officer (CFO). Subject to regulatory approval, Burrows will assume her role at the beginning of 2024 and will report to Andrew Carrier, Chief Executive Officer (CEO). As part of a structured ... Read the full article
MS Amlin posts 94.9% combined ratio in Q1, as insurance profits rise
8th August 2023
MS Amlin, the Lloyd's global re/insurer, has published its results for the first quarter of 2023, which includes a combined ratio of 94.9%, compared to last year's 112.0%. The improved combined ratio resulted in a better underwriting result with an insurance profit of £53 million, which represented an increase of £132 ... Read the full article
Jonathan Schmitt returns to MS Amlin Marine in Paris as underwriter
2nd August 2023
Re/insurer MS Amlin Marine in Paris is delighted to announce the return of Jonathan Schmitt. Schmitt, a former esteemed member of the team from 2018 to 2022, has rejoined as an underwriter, where he will be providing his expertise across both Charterer’s Liability and Shipowners P&I product lines. Schmitt joins from Eyssautier-Verlingue ... Read the full article
MS Amlin appoints Sedgwick Intl.’s Julie Ross as Product Recall Senior Underwriter
24th July 2023
Lloyd's global re/insurer MS Amlin has hired Julie Ross as Product Recall Senior Underwriter. Her appointment will come into effect in September, and she will report to Neil Walker, Co-Deputy CUO and Head of Specialty Insurance. In her new role, Ross will hold responsibility for overseeing the team and supporting its ... Read the full article
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