MS Amlin boosts protection and indemnity capacity

Provision possible through various channels

MS Amlin boosts protection and indemnity capacity

Marine

By Terry Gangcuangco

MS Amlin has welcomed 2019 with stronger protection and indemnity (P&I) capacity.

The fixed premium P&I insurer said the increased capacity will allow it to offer as much as US$1 billion for shipowners’ P&I and a maximum of US$500 million for charterers’ liability.

It added that capacity provision is possible via various channels.

“Through MS Amlin Insurance SE, we can provide ground up capacity up to US$500 million,” noted MS Amlin. “Through our Lloyd’s Syndicate 2001, we can provide ground up capacity up to US$100 million.

“Excess capacity placed on a direct basis with Lloyd’s of London and selected insurers, provides limits of up to USD$1 billion.”

Part of Mitsui Sumitomo Insurance, MS Amlin provides specialist P&I cover and has a premium income of US$60 million. Its P&I headquarters is in Rotterdam, with additional offices in London, Paris, Dubai, and Singapore.

 

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