Credit and political risk insurance (CPRI) binder agreement between the London market insurer and French MGA provides contract frustration and credit risk capacity for exporters
MS Amlin has signed a new CPRI binder agreement with WeSpecialty to provide contract frustration and credit risk cover for French exporters.
The agreement, effective immediately, will give French insureds and brokers access to MS Amlin’s Lloyd’s-backed capacity for both pre- and post-shipment exposures.
The binder includes policy limits of €20m for contract frustration and €15m for credit risk, targeting exporters facing increasing geopolitical and credit-related volatility.
The deal also expands MS Amlin’s delegated authority footprint, as the reinsurer continues to grow its crisis management offering across key international markets.
Jamie Cleary, head of crisis management at MS Amlin, said the partnership reflects both market demand and a selective approach to delegated underwriting.
“France has a highly active export sector that continues to face complex credit and political risks globally.”
“WeSpeciality’s knowledge of the local market and disciplined underwriting approach make them a strong partner for our continued growth in this segment.”
“This partnership reflects our selective approach to writing delegated authority business.”
“By working with specialist MGAs with deep expertise, we can grow in key markets while giving brokers access to long-term capacity and a trusted claims service.”
The agreement follows continued expansion within MS Amlin’s crisis management division, including the launch of a credit and political risk offering in Dubai and further senior underwriting hires in London.
Patrick de La Morinerie, chairman of WeSpecialty, said the WeSpecialty binder would enhance capacity and solution consistency for clients.
“Partnering with MS Amlin gives us access to significantly increased capacity from a highly respected Lloyd’s insurer,” he said.
“MS Amlin’s underwriting expertise and disciplined approach align closely with our own.
“Combined with our decades long presence in the French market, this partnership allows us to provide high quality and consistent solutions to French firms facing increasingly uncertain global export conditions,” de La Morinerie added.
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