Lloyds global re/insurer MS Amlin has signed a new binder agreement with French MGA WeSpecialty to provide contract frustration and credit risk insurance to the French export industry.
MS Amlin said the partnership would further expand its distribution footprint while providing French insureds and brokers with targeted access to Lloyd’s support.
Under the agreement, which takes effect immediately, WeSpecialty will provide French insureds and brokers with targeted access to MS Amlin’s pre-shipment and post-shipment risk exposure.
The binder reportedly includes a contract frustration policy limit of €20 million and a credit risk policy limit of €15 million.
Jamie Cleary, head of crisis management at MS Amlin, commented: “France has a highly dynamic export sector but remains exposed to complex credit and political risks globally.
“WeSpecialty’s local market knowledge and disciplined underwriting approach make them a strong partner for our continued growth in this area.
“This partnership reflects our selective approach to writing mandated business. By partnering with specialist MGAs with deep expertise, we can deliver growth in key markets while providing brokers with long-term capabilities and trusted claims services.”
Patrick de La Morinerie, chairman of WeSpecialty, added: “Partnering with MS Amlin allows us to access significantly enhanced underwriting capabilities from the highly respected Lloyd’s Insurance Company.
“MS Amlin’s underwriting expertise and disciplined approach are closely aligned with ours. Combined with our decades of presence in the French market, this partnership allows us to provide high-quality and consistent solutions to French companies facing increasingly uncertain global export conditions.”
Related news said that MS Amlin’s insurance services profit from January to September 2025 (Q3’25) was 183 million pounds, a year-on-year increase of 53%, and the company’s combined ratio increased by 2.7 percentage points to 86.1%.
The ms-amlin-logo-2 combined ratio was stronger as the loss rate fell by 2.3 percentage points to 50.1% and the expense ratio fell by 0.4 percentage points to 36%, compared with 52.4% and 36.4%, respectively, in the third quarter of 2024.
MS Amlin’s underwriting results remained strong despite being hit by California wildfires in January 2025 and strengthening aviation lease loss reserves.
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