MS Amlin confirms exit from several UK product lines

MS Amlin is to cease underwriting corporate property, real estate, casualty and package binders through its UK P/C business, from 31st January 2020.

Chief executive officer of MS Amlin Underwriting, Tom Clementi said: “The decision to place these classes into run-off will enable us to focus on our core markets and ensure we are best placed to serve our clients going forward.

“The decision aligns with the new underwriting strategy we outlined on 30th September and the steps we have taken to remediate the business since then,” he added.

MS Amlin recently announced a new underwriting strategy, featuring plans to refocus its core business on European commercial insurance, P/C and marine and high-value reinsurance, pulling out of nine classes of business.

A couple of weeks later, the firm confirmed its withdrawal from the aviation insurance market.

This latest move is not expected to impact its remaining P/C Lloyd’s business or its UK digital platform.

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