New Lloyd’s structure launched to provide additional capacity and flexibility for brokers

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MS Amlin has launched a new sub-syndicate at Lloyd’s, as it looks to expand portfolio solutions and provide brokers with more access to capacity.

Sub-syndicate 1673 will support the growth of business written through MS Amlin’s portfolio solutions team, which targets opportunities from its MS&AD group network, fast-follow relationships and Lloyd’s innovation and transition initiatives.

The structure also enables the insurer to deploy additional capacity alongside its core Lloyd’s Syndicate 2001, allowing underwriters to increase their share of selected risks across multiple classes.

From a Lloyd’s perspective, all risks written through s1673 will consolidate into Syndicate 2001, MS Amlin said, with the same capital backing both vehicles.

The sub-syndicate will allow MS Amlin to track underwriting and financial performance separately, providing greater transparency over partnership-led and innovative distribution channels.

It is also intended to act as a platform for testing new products and underwriting approaches, as the insurer explores alternative routes to growth.

Martin Burke, chief underwriting officer at MS Amlin, said the launch reflects a more flexible approach to market opportunities.

“This launch reflects our commitment to trade creatively and explore new commercial routes to sustainable, profitable growth in an evolving market,” he said.

He continued:“s1673 will help us expand our Portfolio Solutions division, which includes leveraging our parent group’s international network to access new underwriting opportunities and extend our specialty solutions to new clients globally.

“The sub-syndicate will also serve as a home for enhanced capacity opportunities, enabling underwriters to selectively deploy more capacity to high-quality risks written by MS Amlin’s Syndicate 2001,” Burke added.

Burke emphasised that the structure enables clearer performance tracking and innovation.

“For our brokers, this provides greater flexibility and capacity to trade more easily and allows us to support our mutual clients more effectively,” Burke said.

“s1673 allows us to pursue new opportunities, measure their performance clearly, and support brokers more decisively on strongly performing lines,” he added.

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