January 10, 2019
MS Amlin has increased its protection and indemnity (P&I) capacity for 2019.
The company explained that it would now offer P&I capacity of up to US$500mn through its subsidiary MS Amlin Insurance SE, and up to $1bn with support from Lloyd’s of London and other selected insurers.
It can also provide ground up capacity of up to $100mn through its Lloyd’s Syndicate 100.
By increasing its capacity, MS Amlin claimed that it is now able to offer up to $1bn for shipowners’ P&I and up to $500mn for charterers’ liability.
MS Amlin currently provides specialist P&I insurance with a premium income of $60mn. It has P&I headquarters in Rotterdam and additional offices in London, Paris, Dubai and Singapore, with services delivered by more than 120 employees focusing on two core products; shipowners P&I and charterers’ liability, including FDD and cargo owners’ legal liability.
The (re)insurer also offers a range of additional P&I covers including; war risks, bunker, freight, and kidnap & ransom.
In a statement the company said: “As well as providing capacity for a wide range and size of risks, we are committed to delivering the best in technical P&I services from underwriting, claims, and advisory services, underpinned by the security and financial strength of MS&AD Insurance Group – a top ten global insurer.”