MS Amlin announces launch of specialist equine MGA David Ashby Underwriting Ltd
MS Amlin, the global (re)insurer, today announces the launch of David Ashby Underwriting Ltd (DAU), a specialist equine MGA that has been formed following the buyout of MS Amlin’s equine book of business and renewal rights by David Ashby, former Managing Director and Principal Underwriter for Equine at MS Amlin. David Ashby will serve as chief executive officer and chief underwriting officer of DAU, which began underwriting 01 January 2020.
DAU will service MS Amlin’s existing livestock and bloodstock business through a purchase agreement ensuring existing brokers and clients complete continuity of cover and service. It’s combined equine book, which will be focused on bloodstock, commercial breeding, rearing and racing, and equestrian across both sports performance and leisure horses, is expected to underwrite gross written premium of approximately £25 million in 2020.
MS Amlin will serve as lead underwriter for the MGA and provide 50% of capacity for DAU through a joint venture with specialist insurer Hiscox. DAU is part of BPB Underwriting Management Ltd, a new MGA management agency, and will receive business support from Asta Underwriting Management Ltd.
Tom Clementi, AUL CEO, MS Amlin commented, “We are pleased to announce the launch of DAU, which is in line with our new underwriting strategy announced on 30 September. DAU’s strong book of business will enable MS Amlin to retain its participation in the equine insurance market by underwriting via an MGA. We look forward to continuing our working relationship with David Ashby, who has long established himself as a market-leading equine underwriter, and supporting him in this new venture.”
David Ashby, CEO and CUO, David Ashby Underwriting Ltd said: “I’m excited to lead our specialist bloodstock underwriting business and to have secured the ongoing support of MS Amlin, alongside new capacity provided by Hiscox. The confidence BPB Underwriting Management has shown in our team’s underwriting expertise has ensured that our business is off to a flying start and I’m confident that 2020 will be a great success.”
About MS Amlin
MS Amlin is a leading global (re)insurer, part of the global top-10 insurance group MS&AD, with operations in the Lloyd’s, UK, Continental European and Bermudian markets. With a 300-year record and c.1,800 people in 23 locations worldwide, we deliver a quality service for businesses facing the most complex and demanding risks. Our role places us at the forefront of the Property & Casualty, Marine and Reinsurance markets.
We are experts in underwriting, with both technical capability and deep knowledge of the areas we insure. Our claims service aims to set the industry reference point for quality, with efficient, fair and timely claims management.
For more information please contact the Media team:
Ngozi Emeagi
Tel: +44 (0) 207 746 1097
Ngozi.Emeagi@msamlin.com
FTI Consulting
Ed Berry / Kit Dunford
(0)20 3727 1046 / 1143
David Ashby Underwriting Ltd
David Ashby Underwriting Ltd, is a leading equine MGA. It is a Lloyd’s coverholder with capacity provided 50:50 by Hiscox and MS Amlin. In 2020, its first year of underwriting, it expects its GWP to total approximately £25 million. Founding CEO and CUO David Ashby is a leading figure in equine insurance and is a past Chair of the Lloyd’s Livestock Committee.
BPB Underwriting Management Ltd (BPBUW)
BPB Underwriting Management Ltd, is a specialist MGA management agency, focused on nurturing specialist niche MGA businesses. Each underwriting business that joins will be of the highest quality, with a first-class track record of profitability and strong market following. Individual MGA underwriting leadership teams will hold a meaningful equity stake in their own MGA business. BPBUW has a strong executive led by Chairman Jonathan Palmer-Brown, CEO John Holm, COO Margaret Ryan and Executive Director Robin Blunt. Asta Underwriting Management Ltd, supplies managing agency and operational services to BPBUW, with broking for the business provided by Marsh.
For more information please contact the Media team:
Sam Whiteley
Free Partners LLP
020 7787 3001
sam@freepartners.com