MS Amlin Reorganizes Operation, Shifts Leadership

November 27, 2019

MS Amlin, the London-based insurer and reinsurer, is rolling out a new operating model and senior leadership team in response to the recent decision by its parent company, MS&AD, to reorganize its international businesses.

This reorganization involves the removal of the regional holding company framework across Mitsui Sumitomo Insurance’s three regions, Asia, America and Europe, including MS Amlin Plc, from Jan. 1, 2020.

Under the new structure, MS Amlin Plc will therefore be removed and the corporate entities MS Amlin Underwriting Ltd. (MS AUL), MS Amlin AG (MS AAG), MS Amlin Insurance SE (MS AISE) and MS Amlin Business Services (MS ABS) will be owned directly by Mitsui Sumitomo Insurance (MSI).

MS Amlin’s new operating model will consist of its three insurance companies supported by a shared business service enterprise. Each will be led by the following MS Amlin executives:

The operating model simplifies and enhances strategic and operational oversight, while at the same time supporting the implementation of MS Amlin’s new underwriting strategy, which was announced in September 2019.

The underwriting strategy involves redeploying its capital and management focus to its three core markets of reinsurance, specialty and domestic specialty markets in continental Europe.

In addition, the new operating model assists MSI in building value across its international network by increasing efficiency, expanding its offerings to clients globally, using international talent to greater effect and ultimately driving improved financial performance and growth, the company said.

As a result, from Dec. 31, 2019 Simon Beale will step down from the role of CEO of MS Amlin, but will continue as an executive officer of MSI. In addition, James Illingworth will step down as chief underwriting officer but will continue his current non-executive directorships in the near term.

Here are details about leadership under the new corporate structure:

Source: MS Amlin

*A version of this story ran previously in our sister publication Insurance Journal.