Changes to making a claim for Property & Casualty UK Portfolio of Syndicate 2001 policies.
MS Amlin has now put the Property & Casualty UK Portfolio of Syndicate 2001 into ‘Reinsure To Close’ (RITC) and has entered into agreement with RiverStone Managing Agency Limited (RiverStone), who from 1 November 2022 will assume the liabilities of the P&C UK Portfolio Syndicate 2001 for 2019 and prior years of account and additionally the claims handling liability for the 2020 year of account.
In summary the P&C UK Portfolio transferring to RiverStone comprises that business written through MS AUL Syndicate 2001 in the following Lloyd’s SCOB codes:
Employers’ Liability (AI070)
Public/Product Liability (AI080)
Real Estate (AI091)
but expressly excluding Lloyd's SCOB code - Professional Indemnity (AI050) and all contracts of insurance and reinsurance, in any class, that are facilitated through the use of centralised London Market / DXC processes.
For clarity, any business written in any class which is facilitated through London Market / DXC processes remain within the ongoing book of Syndicate 2001.
From 1st November 2022 RiverStone will assume operational responsibility for the management of the RITC portfolio outlined above; it is essential that you update your records for the ‘in scope’ policies and use the following contact details: