MS Amlin places large parts of UK P&C business into runoff

MS Amlin will cease underwriting corporate property, real estate, casualty and package binders through its UK P&C business from the end of January 2020.

The decision does not affect its P&C Lloyd’s business or UK digital platform.

The re/insurer conducted a comprehensive underwriting review earlier this year which identified product lines and operations no longer aligned to its future strategic vision. It will redeploy its capital and management focus to its three core markets of global reinsurance, global specialty and domestic specialty markets in continental Europe.

Tom Clementi, CEO of MS Amlin Underwriting, 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.”