Lloyd’s re/insurer MS Amlin joins Hannover Re as a capacity provider, committing up to $50m of risk capacity to support climate and disaster protection across the Global South
MS Amlin has joined the Natural Disaster Fund (NDF) as a commercial risk capacity partner.
The Lloyd’s global specialist re/insurer will commit up to $50m to share risk with the fund, joining long-standing commercial capacity partner Hannover Re.
The Natural Disaster Fund was set up by the UK Government’s Foreign, Commonwealth and Development Office and Germany’s Federal Ministry for Economic Cooperation and Development, through German development bank KfW.
The fund is managed by Global Parametrics, a CelsiusPro Group subsidiary.
MS Amlin said its capacity commitment will strengthen the fund’s ability to provide climate and disaster protection to vulnerable communities across the Global South.
The NDF is a blended risk transfer vehicle designed to mitigate climate-related challenges and build resilience in low and middle income countries.
It currently has a portfolio of more than $100m of risks.
MS Amlin said the additional capacity will support the fund’s core mission of protecting societies from the consequences of natural disasters.
The insurer said public-private partnerships such as the NDF are becoming increasingly important as climate change increases the frequency and severity of natural catastrophes.
Amir Sethu, head of sustainability at MS Amlin, said: “Our participation with the NDF reflects our commitment to deploying capacity where it can support adaptation, resilience and long-term insurability.
“We are excited to be joining such an innovative structure, to support its mission and the vital work it undertakes worldwide.
“Through close collaboration with the NDF and its partners, we will help to mitigate losses caused by natural disasters and build a more resilient future for vulnerable communities around the world.”
The NDF is capitalised by public investment from the UK and German governments, blended with matching risk capacity from Hannover Re and MS Amlin.
CelsiusPro Group said its work focuses on supporting vulnerable communities in the Global South, where climate-related disasters are increasing in frequency and severity.
The group’s partnerships include leading global re/insurers such as Hannover Re, MS Amlin and Canopius, as well as public-private partnerships through the Natural Disaster Fund.
Mark Rueegg, CEO of CelsiusPro Group, said: “MS Amlin joining the NDF as a risk-sharing partner is an important new chapter in the NDF’s journey.
“It is part of the NDF’s mission to grow and to onboard global risk institutions.
“Therefore, building on the work with our highly-valued long-standing partner Hannover Re, we are bringing together cornerstone organisations in the risk transfer sector to grow the NDF and its portfolio, and therefore to increase the delivery of meaningful and sustainable impact where it is most needed.”
MS Amlin said the Natural Disaster Fund’s 2025 impact report has also been published.
CelsiusPro Group provides climate and natural catastrophe insurance using satellite data to support automatic payouts when natural catastrophes and extreme weather occur.
The group acquired Global Parametrics in 2023, adding a parametric risk transfer provider focused on natural disaster resilience for climate-vulnerable communities.
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