MS Amlin News

People Moves: Gallagher Re’s Bousfield to Lockton Re Bermuda; Atrium Names Munich Re’s Cusition as Marine U/W; MS Amlin Hires RSA’s Forsyth as Lead Class Hull U/W

This edition of International People Moves details appointments at reinsurance broker Lockton Re and two insurers: Atrium Underwriters and MS Amlin Underwriting. A summary of these new hires follows here. Lockton Re Bermuda Appoints Gallagher Re’s Bousfield as Senior Broker …

MS Amlin AG Enters Agriculture Reinsurance Market, Hiring Bektleuov From PartnerRe

MS Amlin AG (MS AAG), the global reinsurer, announced its entry into the agriculture reinsurance market with the hire of Rinat Bektleuov as product group lead underwriter. Bektleuov joined the business in August 2021 and reports directly to Charles Goldie, …

MS Amlin AG Appoints Swiss Re’s Wiest as CEO, Stepping Into Role Vacated by Beazley

Global reinsurer MS Amlin AG announced the appointment of Robert Wiest as chief executive officer. Wiest will take up the role on Jan. 3, 2022 and will be based in Zurich, Switzerland. He replaces Christopher Beazley who stepped down in …

Beazley Out as Reinsurer MS Amlin’s CEO; Successor CEO Selected But Not Named

Global reinsurer MS Amlin AG announced that Christopher Beazley has stepped down as chief executive officer. According to the announcement, Beazley will “pursue opportunities outside of MS Amlin” after serving as CEO for the past three years. He originally joined …

Britain’s Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim

Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it suffered after being forced to shut during the coronavirus pandemic. Owned by TDR Capital, the company filed a suit against …

Canadian Municipalities Face Surging Liability Insurance Costs

TORONTO โ€“ Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents. The increase in premiums, about 20% to …

People Moves: AXA XL Canada Names 5 Underwriters; MS Amlin Appoints 2 at Reinsurance Business

This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin. AXA XL announced that it has added five Toronto-based underwriters to strengthen its casualty, professional liability and commercial property expertise. Gladys Adams, Joseph Renton and …

MS Amlin Acquiring International Transportation Marine Office in Arizona

MS Amlin is acquiring managing general agency International Transportation and Marine Office and its associated subsidiaries. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals. Terms were not disclosed. The primary subsidiary, International …

Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims

Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the bill, industry sources said. Bars, beauty parlors, …

UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims

Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts after Britain’s highest court ruled many policies should cover losses caused by coronavirus lockdowns. Six of the world’s largest commercial …