Published:
/Freepik
MS Amlin rebounds in 2023
The (re)insurer registered a net loss of $60m in 2022.
MS Amlin registered an operating profit of $328.5 (£256.8m) in 2023, a notable improvement from the previous year's loss of $59.7m (£46.7m), which was attributed to a focus on enhanced risk selection and actions to refine the core underwriting portfolio.
The company achieved an adjusted combined ratio of 86.6%, the lowest in a decade.
ALSO READ: MS Amlin renews Singapore Cat Bond
MS Amlin also benefited from a relatively benign natural catastrophe year and an attractive rate environment, it said in a press announcement.
($1.00 = £0.78)
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