MS Amlin unveils launch of equine MGA

MS Amlin has announced the launch of specialist equine managing general agency, David Ashby Underwriting. The business was formed following the buyout of the firm’s equine book of business by its former managing director and principal underwriter for equine, David Ashby.

Ashby will serve as the MGA’s chief executive officer and chief underwriting officer. The company, part of MGA management agency, BPB Underwriting Management, will receive business support from Asta Underwriting Management.

MS Amlin will serve as lead underwriter for the MGA and provide 50% of capacity, through a joint venture with specialist insurer Hiscox. As part of a purchase agreement, David Ashby Underwriting will service the insurer’s existing livestock and bloodstock business to ensure complete continuity of cover and service for existing brokers and clients.

Chief executive officer at MS Amlin Underwriting, Tom Clementi, said the launch of the MGA was is in line with the new underwriting strategy the firm announced on 30th September.

“DAU’s strong book of business will enable MS Amlin to retain its participation in the equine insurance market by underwriting via an MGA,” he added. “We look forward to continuing our working relationship with David Ashby and supporting him in this new venture.”

David Ashby said: “I’m excited to lead our specialist bloodstock underwriting business and to have secured the ongoing support of MS Amlin, alongside new capacity provided by Hiscox.”

The combined equine book, which will be focused on bloodstock, commercial breeding, rearing and racing, and equestrian across both sports’ performance and leisure horses, is expected to underwrite approximately £25m in GWP this year.

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