MS Amlin (MSA), a Lloyd's global specialist (re)insurer, has launched a new reinsurance partnership with parent company Mitsui Sumitomo Insurance (MSI) for clients in the UAE, uniting MSI's portfolio with MSA's expertise.
Through MS Amlin’s Dubai branch, the new arrangement provides contract frustration protection for MSI’s client banking portfolio, leveraging the experience and knowledge of MS Amlin’s specialist underwriters. The reinsurer has over two decades of experience writing the class and has held a presence in the region for more than a decade.
Under the terms of the partnership, MSI’s UAE branch will focus on supporting its existing client portfolio as well as targeting new clients in the region. All risks written by MSI will be ceded to MS Amlin, which began writing Political Risk in the region in 2025, following the appointment of class underwriter Osama Elshiekh. The account has steadily grown since his appointment 12 months ago.
This new development is part of MS Amlin’s growth plans for the Middle East, where it writes a broad portfolio of Marine, Casualty and Crisis Management classes. The deal also supports MSI’s plans for growth and development in its international businesses.
Mr Vipul Gupta, Senior Executive Officer, MS Amlin (MENA), said, “We’re seeing continued expansion across all our product lines in the region and this is the latest sign of a very buoyant local economy, with rising demand in the region for this type of protection, particularly from lenders and credit providers. Many world-renowned lenders in the Middle East are supporting both domestic and international development and economic growth, but to fund that growth, they need to have the right support in place to protect their own balance sheets.”
Mr Yoshinori Nakamura, General Manager of MSI’s UAE branch, said, “Through close collaboration with MS Amlin, we aim to strengthen services for a broad range of clients, including leading Japanese companies, and demonstrate the Group’s integrated strength.”