Reinsurance News
MS Amlin
Tropical cyclones to strengthen, causing increased rainfall, larger storm surges: MS Amlin
19th June 2023
According to MS Amlin, recent scientific findings indicate that tropical cyclones are expected to become more powerful, leading to heightened rainfall and larger storm surges. Since 1990, there has been a gradual rise in the frequency of North Atlantic hurricanes, with an increase of 0.6 hurricanes per decade, MS Amlin noted ... Read the full article
MS Amlin launches AI-powered claims triage capability
8th June 2023
MS Amlin, the Lloyd’s global re/insurer has launched a new AI-powered claims triage capability, marking the first in a series of developments originating from a newly formed partnership with global professional services firm, Genpact. The partnership will see Genpact supporting a variety of functions to transform MS Amlin’s processes and accelerate ... Read the full article
MS Amlin names Erman Hassan as Head of Natural Resources Claims
22nd May 2023
Lloyd’s global re/insurer MS Amlin appointed Erman Hassan as the Head of Natural Resources Claims. With an impressive track record in the industry spanning over a decade, Hassan brings extensive expertise in claims handling, particularly in the marine and energy sectors, along with a reputation for successfully resolving large and complex ... Read the full article
MS Amlin sees return to underwriting profit in FY2022 despite £144m net loss
19th May 2023
Lloyd’s global re/insurer MS Amlin has published its results for the financial year 2022 reporting an underwriting profit of £63 million, but its investment loss of £91 million resulted in a net loss of £144 million. The re/insurer’s underwriting profit grew £260 million from a £260 million loss in FY2021. According ... Read the full article
MS Amlin expands Risk & Compliance functions with two key hires
19th April 2023
Lloyd’s global re/insurer MS Amlin has expanded its Risk and Compliance functions with two key senior hires. The firm has appointed Ruth Adamson as Head of Insurance and Financial Risk, and Kevin Ball as Head of Compliance. Both new hires will join the company later this year, where they will report to ... Read the full article
MS Amlin hires Jessica Turner from Guy Carpenter as new Head of Risk Analytics
27th March 2023
MS Amlin, Lloyd’s global re/insurer has announced the appointment of Dr Jessica Turner as Head of Risk Analytics who will take on this position effective 26 June 2023. Dr Turner will report to Martin Burke, the Director of Underwriting Performance. Commenting on the appointment, Burke said, “As we look to navigate the ... Read the full article
Inver Re appoints MS Amlin’s Alun Thomas as Global Head of Property Reinsurance
2nd March 2023
Ardonagh Group’s reinsurance broking arm, Inver Re, has appointed Alun Thomas in the new role of Global Head of Property Reinsurance, where he will report to Chris Bonard, CEO - Bermuda. In the role, Thomas will take on responsibility for developing a new property reinsurance proposition with a base in Bermuda. Thomas ... Read the full article
RiverStone Intl. finalises £1.2bn RITC & LPT agreements with MS Amlin
15th February 2023
Legacy acquirer and reinsurer RiverStone International has completed a reinsurance-to-close (RITC) and a loss portfolio transfer (LPT) with MS Amlin Underwriting Limited, with net technical provisions of £1.2 billion. Under the agreement, RiverStone provides MS Amlin Syndicate 2001 with a RITC of the 2018 and prior years of account, and a ... Read the full article
MS Amlin falls to net loss as hurricane Ian and war in Ukraine dent underwriting
14th February 2023
The impact of investment losses, Hurricane Ian, and the ongoing war in Ukraine has seen MS Amlin post a net loss of £305 million for the period January to end of September 2022, as the firm's combined ratio weakened to 111.9%. In its financial year 2022 3Q results, which covers the ... Read the full article
MS Amlin launches $45mn Asia focused SPRV Phoenix 3 Re
17th January 2023
Specialty insurer and reinsurer MS Amlin, has announced that its Singapore-based operation, MS Amlin Asia Pacific Pte. Ltd (MS AAP), has launched a $45 million local special purpose reinsurance vehicle (SPRV); Phoenix 3 Re Pte. Ltd. This SPRV is a repeat of both the 2022 issuance $37.5 million Phoenix 2 ... Read the full article
MS Amlin announces new appointments to underwriting leadership team
23rd December 2022
Lloyd’s global re/insurer, MS Amlin has announced it is strengthening its underwriting leadership team with new appointments within the division. Grant Baxter has been appointed Interim CUO, effective 1st January 2023, in addition to his reinsurance responsibilities. He joined the business at the end of December 2022 as Head of Reinsurance, ... Read the full article
MS Amlin reports £131mn H1 loss as Hurricane Ian loss estimates sit at £157mn
18th November 2022
MS Amlin has reported a net loss of £131 million for the first half of the financial year, down from a profit of £33 million in the prior year period, as the carrier estimated its Hurricane Ian loss at £157 million. Net premiums written for H122 were £2.192 billion, a substantial ... Read the full article
MS Amlin unveils new, three-year ESG strategy
17th November 2022
MS Amlin has said it is laying out a three-year sustainability roadmap in order to embed ESG into its business operations. According to the firm, the Sustainability Strategy sets out the steps which the company will take over the next 36 months and provides multi-point plans for how it will embed ... Read the full article
MS Amlin appoints HDI’s Constable as Head of Claims
7th November 2022
MS Amlin Underwriting Limited has appointed Clare Constable as Head of Claims. Her role is effective from November 21, 2022, and she will report Alberto Verga, Chief Operating Officer. Overall, Constable brings more than 20 years of specialty and reinsurance claims experience towards the role. She joins from HDI Global Specialty where she ... Read the full article
MS Amlin adds Paul Evans as senior marine underwriter
24th October 2022
MS Amlin has appointed Paul Evans as senior underwriter of marine insurance. Evans, the firm said in a statement, will begin his new role at the beginning of November and will report into Malcolm Barnes, head of marine insurance. He joins from Tokio Marine Kiln, where he most recently held the role ... Read the full article
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