MS Amlin launches new Lloyd’s sub-syndicate

MS Amlin has launched a new sub-syndicate to target more growth opportunities and provide greater flexibility and capacity for brokers.

Named s1673, the sub-syndicate allows MS Amlin to track underwriting and financial performance separately and offers a segmented platform for testing new ideas and, potentially, new products.

It forms part of MS Amlin’s plans to achieve sustainable growth by leveraging the strength of its parent’s group network and pursuing new opportunities alongside more distribution approaches.

The sub-syndicate also allows MS Amlin to increase its share to brokers in existing lines written on MS Amlin’s Syndicate 2001, by writing additional lines via s1673.

Martin Burke, MS Amlin’s chief underwriting officer, said: “The sub-syndicate will serve as a home for enhanced capacity opportunities, enabling underwriters to selectively deploy more capacity to high quality risks written by MS Amlin’s Syndicate 2001.

“For our brokers, this provides greater flexibility and capacity to trade more easily and allows us to support our mutual clients more effectively.”

Portfolio solutions team

The sub-syndicate will support the growth of business written through MS Amlin’s recently formed portfolio solutions team.

This team has been established to capture underwriting opportunities arising from the insurer’s MS&AD global network, as well as fast-follow relationships and business under Lloyd’s innovation and transition codes.

”s1673 will help us expand our portfolio solutions division, which includes leveraging our parent group’s international network to access new underwriting opportunities and extend our specialty solutions to new clients globally,” Burke said.

 “s1673 allows us to pursue new opportunities, measure their performance clearly and support brokers more decisively on strongly performing lines.”