MS Amlin has signed a binder agreement with WeSpecialty to provide contract frustration and credit risk cover for the French export sector. The deal gives French insureds and brokers access to MS Amlin’s Lloyd’s-backed capacity for pre- and post-shipment exposures, with policy limits of EUR20m for contract frustration and EUR15m for credit risk.
Jamie Cleary, head of crisis management at MS Amlin, said: “France has a highly active export sector that continues to face complex credit and political risks globally. WeSpecialty’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 comes after MS Amlin expanded its crisis management division, launching a new credit and political risk offering in Dubai and appointing senior underwriters in London.
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