Offering is targeting renewable energy companies that operate domestically and abroad.
PE firm takes a 30% stake in the specialist marine broker.
Brokers report reduced numbers of staff in the provider’s Chelmsford office and say MS Amlin’s recent action is continuation of providers exiting regions.
Experts say the restructure is understandable but could lead to office closures as Amlin pulls out of nine business lines.
Although brokers are not worried by the provider going into run-off, they have concerns over tightening capacity.
Provider says reorganisation will not result in any branch closures and that it plans to keep existing staff wherever possible.
The MGA stated that the timing of the the Lloyd's review was a contributing factor in the decision.
Provider pulls out of international construction, international freight and fixed price marine protection and indemnity business and is consulting with staff members about redundancies.
Broker's fourth deal of 2018.
MGA targets small and medium sized UK brokers.
Deal adds £1.4m of GWP to the firm.
Having found Angela McCluskie’s blog on marine cargo insurance interesting and thought-provoking, John Potter shares his thoughts on how the market may develop.
Angela McCluskie of Fiducia pushes against creeping commoditisation in marine cargo and tells brokers there are opportunities for the taking in this complex market.
Check out the top five downloads from Insurance Age’s sister site Insurance Hound.
Product designed for small businesses with £200,000 or less in turnover.
EY and Guardtime team up with Willis Towers Watson, MS Amlin, XL Catlin, A.P. Møller-Maersk, ACORD and Microsoft on new platform.
He becomes strategic adviser to Towergate-owner Ardonagh Group as James Masterton takes on Price Forbes CEO role.
The MGA has also launched a marine trades facility for the UK regional marine market.
Broker says deal will help build GRP's regional hub in the South East.
Eight leaders appointed across geographical regions and business lines.
Allianz Insurance Complete Cargo
The organisation took the broker sourced book of business from its sister company Groves John & Westrup.
Policy can cover vessels worth up to £10m.
Sarah Joiner appointed as marine underwriter.