specie insurance · specie claims manager +44 (0)20 7746 7286 [email protected] angele van pham...
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Specie insurance 1
Specie insurance
Insurance
Specie insurance 32 Specie Insurance
The many benefits of high-value insurance
Specie insurance is a key consideration for businesses and individuals looking to protect artwork, jewellery and other high-value items. With the unpredictable nature of today’s world, it’s important to find a policy that covers clients against the financial impact of loss, damage or theft.
MS Amlin and our predecessor syndicates have been underwriting Specie insurance for over fifty years and offers a wealth of experience and expertise, as well as impressive service.
We understand our client’s needs and offer meaningful solutions to their insurance requirements.
“ As one of the market leaders in Specie insurance, we know just how valuable the right cover can be.”Laurence Humberstone Head of Marine and Product Group Lead
MS Amlin is a leading insurer and reinsurer,
and part of the global top-10 insurance group
MS and AD. With a 300-year record and
c.1,800 people in 20 locations worldwide, we
deliver continuity for businesses facing the
most complex and demanding risks. In turn,
this promotes continuity, stability and
prosperity around the world.
Our Marine business• Energy insurance• Cargo insurance• Liability insurance• War insurance• Hull insurance• Specie insurance• Yacht insurance• Protection and indemnity
insurance
Specie insurance 54 Specie insurance
Why partner with us?
Global reachMS Amlin is part of the Global top 10 Insurance Company MS&AD. We are adept at leading large complex placements for Global Clients. We have dedicated teams in Asia, Europe, the UK, and the Middle East which means we understand international risks, and local insurance practices.
Strong partnershipsWe work hard to build long term, enduring relationships with our brokers and our clients. We are committed to providing a consistently high level of service, and truly understanding our clients business so we can provide the solutions they require.
Underwriting expertiseMS Amlin is one of the leading Specie markets in Lloyd’s. Our underwriters have more than 70 years combined market experience, enabling decisions to be made when you need them to be. We have been writing Specie business for over 50 years and as such have an unparalleled knowledge of the business.
Collaborative thinking Our Underwriters and claims team work collaboratively with our brokers and clients to ensure we provide the best possible service. This team approach also extends to our network of risk surveyors, and loss adjustors to ensure our clients are supported on a worldwide basis.
Dedicated claims teamOur highly experienced claims team takes pride in being able to provide swift and fair resolutions when you need us most. Our integrity and dedication to our clients is what sets us apart. We ensure that we provide support to our clients and brokers throughout the claims process.
In such a complex market, we believe that the finer details often make a big difference. That’s why we are passionate about providing a first class service, listening to our clients’ needs, and delivering straightforward solutions.
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Our insurance products
With such high value placed on artwork, jewellery and precious metals, the risk of loss, damage and theft remains a constant threat to individuals and businesses all over the world. Specie insurance helps to protect these valuables and can be tailored to the specific needs of our clients.
Fine Art and high-value collectibles
We cover artwork in museums, foundations and galleries or as part of private collections. We cover artwork whilst it is on display, in storage or whilst in transit including when artwork is exhibited around the world.
Jewellery
We cover jewellery at retail outlets (including pawnbrokers), wholesalers or whilst it is at manufacturers. We also provide insurance for jewellery owned by private individuals. Coverage would include jewellery whilst it is on display, in storage or whilst in transit including whilst it is on Exhibition.
General Specie
We cover mining risks for precious metals and diamonds whilst at the mine site and in transit to its final destination. We insure financial institutions for their vaulting and transit exposures for interests such as money and securities.
Cash-in-transit
We cover both large cash in transit companies who operate global businesses, as well as small regional cash in transit operators. We insure the transit and vaulting risks for these companies.
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Our clients
We provide cover for some of the most famous museums, institutions and private individuals in the world and are used to handling high value accounts. But we are equally competitive when it comes to smaller business requirements. So when it comes to Specie insurance we are happy to assess all types of risk in a variety of geographical locations.
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“ We attract some of the biggest names in the market. But all our clients receive the same high standards and unfaltering level of service.”
Andrew Wright Co-CUO, MS Amlin Underwriting Limited
Typical clients include:
• Fine art museums, galleries, exhibitions and private collections
• Precious metal and diamond mines
• Retail and Wholesale Jewellers, Pawnbrokers, Jewellery Manufacturers
• Financial Institutions and Vaults
• Armoured Car and Cash in Transit operators
Our Specie products are available through the Lloyd’s market, in London, Singapore and Dubai, or through our regional offices in Rotterdam, Antwerp, and Paris.
Specie insurance 11
Our underwriting team
Our specialist underwriters are on hand to work with you and offer advice any time you need it. With a wealth of knowledge at our disposal and a proven track record in specie insurance, you can be confident that our cover will always reflect the true nature of your business.
Laurence Humberstone Product Group Lead Specie
+44 (0)20 7702 6281 [email protected]
Eddie CaraSpecie Claims Manager
+44 (0)20 7746 7286 [email protected]
Angele van PhamLead Underwriter
+33 1 4470 3110 [email protected]
London
Mary Vogiatzidou Senior Underwriter
+971 (0) 4709 [email protected]
Dubai
Stella Fang Director of UnderwritingMS Amlin Underwriting Division Lloyd’s Insurance Company (China) Ltd
+86 (0)21 6162 8277 [email protected]
China
France
Rod Little Lead Underwriter
+44 (0)20 7746 1703 [email protected]
Neil Roberts Senior Underwriter
+44 (0)20 7702 6363 [email protected]
Andrew Feather Underwriter
+44 (0)20 7746 1400 [email protected]
Er Jun Regional Manager & Senior Underwriter Marine
+65 6557 0730 [email protected]
Christine LimUnderwriter
+65 6645 9193 [email protected]
Singapore
Claims
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Continuity through financial strength
Our underwriting subsidiaries are highly rated for their financial strength. We also benefit from the exceptionally high ratings of the MS&AD Group, one of the largest non-life insurers in the world, as well as being part of the Lloyd’s of London Chain of Security.
£3,657m2018 Gross written premium
£2,692m 2018 Net assets
+20yrsWealth of experience Senior Management average years industry experience
MS Amlin at a glance Financial strength
*Lloyd’s Market Rating (which applies to MS Amlin managed syndicate)
MS&AD Group
A+ (Stable) AM Best
A+ (Stable) S&P
A1 (Stable) Moody’s
MS Amlin - Syndicate 2001
A (Excellent) AM Best
A1 (Stable) Moody’s
A+ (Strong) S&P*
AA- (Very Strong) Fitch*
MS Amlin Insurance SE
A (Stable) S&P
42%
2018 Gross written premium by business unit (%)
16%
42%
ReinsuranceProperty & CasualtyMarine & Aviation
GWP£3,657m
2018 Gross written premium by geographical class (%)
11%37%
26%
15%
EuropeNorth AmericaUKAsiaMENAOther
7% 4%
GWP£571m
2018 Gross written premium by M&A product group (%)
HullCargoAviationYachtEnergyLiabilityWarFixed premium P&ISpecie
5%8%
13%
9%
6%10% 12%
18%
19%
GWP£571m
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We look forward to working with you
For further information please contact the relevant expert on pages 10 & 11,
or visit us online at msamlin.com
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Our offices
UKWe offer extensive broker support in the UK and write a large proportion of our Specie insurance business through our Lloyd’s of London, Syndicate 2001.
EuropeWith key offices in Rotterdam, Antwerp, Paris and Hamburg we work closely with our brokers to offer a range of regional Specie insurance options.
Asia and Middle EastFrom our offices in Singapore and Dubai, we work with Lloyd’s brokers on a full complement of Specie insurance solutions.
05. HamburgMS Amlin Marine N.V. Axel-Springer-Platz 3, 20355 Hamburg Germany
T: +49 (0)40 8090 84010
06. DubaiMS Amlin (MENA) Limited Level 3 Precinct Building 2 DIFC P.O. Box 506929 Dubai – UAE
T: +971 (0) 4709 6900
07. SingaporeMS Amlin Asia Pacific Pte Ltd 138 Market Street #03-01 CapitaGreen Singapore 048946
T: +65 (0)6557 0580
01. LondonMS Amlin Underwriting Limited The Leadenhall Building 122 Leadenhall Street London EC3V 4AG
T: +44 (0)20 7746 1000
02. ParisMS Amlin Insurance SE 58 bis rue La Boétie F-75008 Paris France
T: +33 (0)1 44 70 7100
03. AntwerpMS Amlin Insurance SE Century Center de Keyserlei 58-60 box 6 B-2018 Antwerp Belgium
T: +32 (0)3 222 27 11
04. RotterdamMS Amlin Insurance SE Beurs World Trade Center Beursplein 37 3011 AA Rotterdam Netherlands
T: +31 (0)10 799 58 00
MS Amlin The Leadenhall Building 122 Leadenhall Street London EC3V 4AG
Tel: +44 (0)20 7746 1000
msamlin.com
© July 2019. The information contained herein is intended to be for informational purposes only and is correct at the time of printing. This brochure is not, and is not intended to be construed as, an offering of MS Amlin securities in the United States or in any other jurisdictions where such offers may be unlawful. The services and products mentioned in this brochure may not be available in the United States or in jurisdictions where Lloyd’s does not have a trading license. Potential insureds should consult with an appropriately licensed broker in their area for further information.
MS Amlin Underwriting Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under reference number 204918. Registered office The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AG.Registered in England Company No. 02323018.
MS Amlin Insurance SE is an Insurance company licensed by the National Bank of Belgium (NBB) under number 3092. Regsitered office Boulevard Roi Albert-II 37, 1030 Brussels. Company No. SE000095.
MS Amlin (MENA) Limited is regulated by the Dubai Financial Services Authority (DFSA). MS Amlin (MENA) Limited may only undertake the financial services activities that fall within the scope of its existing DFSA licence. MS Amlin (MENA) Limited’s principal place of business in the DIFC is MS Amlin (MENA) Limited, Level 3, Precinct Building 2, Dubai International Financial Centre, Dubai, United Arab Emirates. P.O. Box 506929. This document is intended for Professional clients only as defined by the DFSA and no other person should act upon it.
MS Amlin Asia Pacific Pte Limited is approved by the Monetary Authority of Singapore to underwrite on behalf of the members of Syndicate 2001 at Lloyd’s. Registered in Singapore No. 200711910C Registered office 138 Market Street #03-01 CapitaGreen Singapore 048946. Registered Non-Hong Kong Company 35F Central Plaza, 18 Harbour Road, Wanchai, Hong Kong Cr. F0021764