MS Amlin launches Lloyd’s property treaty consortium to expand capacity

MS Amlin has launched a new property treaty consortium designed to increase capacity for property per risk placements and simplify access to Lloyd’s capital for brokers.

The Property Treaty Per Risk (PPR) Consortium will increase MS Amlin’s maximum line size from $50m (£36.7m) to $67.5m (£49.6m), representing a 35% uplift in available capacity.

The facility is expected to be particularly relevant for large scale global data centre risks, where demand for higher limits continues to rise.

Stephen Price, MS Amlin’s head of North American property reinsurance, said: “This consortium increases our line size by more than a third, giving brokers access to additional A rated Lloyd’s capital through a single placement while allowing us to maintain full oversight of underwriting and claims.”

Bringing syndicates together 

The consortium brings together four Lloyd’s syndicates alongside MS Amlin, including Nephila Syndicate 2358, Nephila Syndicate 2359, Hampden Syndicate 2689 and Apollo Syndicate 1969.

MS Amlin will act as a leader underwriter and retain authority over underwriting and claims handling.

Price said the facility introduces diversified capital from syndicates not traditionally active in the property treaty market, helping to strengthen overall Lloyd’s market capacity.

He said careful risk selection and detailed exposure analysis would remain essential as the market balances growing demand with accumulation risk management.

“The challenge for the market is balancing the scale of capacity required with careful management of accumulation risks,” he added.

”Detailed understanding of exposures and careful risk selection will be essential as this emerging class of business grows.”