MS Amlin and MSIG UK launch dual stamp underwriting capability

By Michael Jones

March 12 - (The Insurer) - MS Amlin and sister company Mitsui Sumitomo Insurance Company Europe (MSIG UK) have launched a dual-stamp underwriting capability.

The announcement said MS Amlin underwriters would write risks using both the firm's existing Lloyd's stamp and MSIG UK's company paper.

It will initially be available across natural resources, trade credit and political risk, as well as accident and health lines, MS Amlin said. The initiative will target lead and follow opportunities in the open market, and its capabilities may be extended to line slips and binders as it matures.

The announcement said the move is part of a strategy to leverage the scale of both entities' parent company Mitsui Sumitomo Insurance.

Last year the parent company outlined plans to grow underwriting capacity across its UK subsidiaries to 3 billion pounds ($3.89 billion) over the next five years. MS Amlin 2001 is one of only seven Lloyd's syndicates to have at least 2 billion pounds in stamp capacity for the 2025 year of account.