MS Amlin signs shipment binder with WeSpecialty

MS Amlin has signed a new binder agreement with French MGA WeSpecialty to provide contract frustration and credit risk cover for the French export sector.

Under the agreement, effective immediately, WeSpecialty will offer French insureds and brokers targeted access to MS Amlin’s capacity for pre- and post-shipment exposures.  The binder includes policy limits of EUR 20M for contract frustration and EUR15M for credit risk.

“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.” – Jamie Cleary, MS Amlin’s Head of Crisis Management.

“Partnering with MS Amlin gives us access to significantly increased capacity from a highly respected Lloyd’s insurer.  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.” – Patrick de La Morinerie, WeSpecialty’s Chairman.