News analysis: Broker and MGA concerns mount over MS Amlin pull-out

exit sign

Provider’s announcement that it is exiting nine lines of business could have serious knock-on effects for the market, reports Sam Barrett

The market has warned that MS Amlin’s announcement in September that it will be exiting nine lines of business will have repercussions for MGAs and the broking community. 

The move, which followed a comprehensive underwriting review, will see the insurer refocus its business around three core markets where underwriting expertise is critical and products are not commoditised. These are high-value reinsurance; specialty insurance business, which combines its marine and property & casualty

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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