Re/insurer MS Amlin has started operating under a single brand in the Lloyd’s market after merging its two managing agencies.
The new managing agency, MS Amlin Underwriting Ltd, will become the largest capacity provider at Lloyd’s, writing over 30 classes across marine and aviation, property and casualty and 13 classes in reinsurance.
The business will operate from 22 locations across three continents and will inherit the tripartite legacy business and unit structure of London-listed carrier Amlin, which was acquired by Mitsui Sumitomo Insurance in February.
MS Amlin combines the underwriting capabilities of Amlin's Syndicate 2001 and Mitsui Sumitomo's Syndicate 3210, enabling underwriters to use a dual stamp on business for the rest of 2016.
The syndicates will be merged effective 1 January 2017 and will offer larger lines.
In the Lloyd’s building, the combined marine teams of MS Amlin will be located on the ground floor while teams of all other classes will be together by the end of May.
There will be no change to client contacts but brokers, clients, cover holders and external parties will now interact with MS Amlin as an integrated business.
“MS&AD expects MS Amlin to be the driver for the organisation to become a world leading insurance and financial services group. We will achieve this by establishing a leading position at Lloyd’s and globally in our P&C, 2 Reinsurance and Marine & Aviation markets,” said MS Amlin CEO Charles Philipps.
“While there is work still to do, we are making good progress with the integration of the businesses and I am excited by the prospect of our combined entity offering a developed distribution for our brokers, more comprehensive coverage for our clients and an enhanced service.”