MS Amlin has launched an industry-first consortium to boost property treaty capacity for all property per-risk lines. This additional capacity is expected to be particularly relevant for global data centres, where demand for higher limits continues to grow.
The Property Treaty Per Risk (PPR) Consortium expands MS Amlin’s maximum line size from $50m to $67.5m, providing a 35% uplift in capacity for placements while maintaining a single coordinated underwriting and claims process.
The consortium brings together four Lloyd’s syndicates behind MS Amlin, including Nephila Syndicate 2358, Nephila Syndicate 2359, Hampden Syndicate 2689 and Apollo Syndicate 1969. MS Amlin will act as lead underwriter, retaining authority for underwriting and claims.
MS Amlin’s Head of North American Property Reinsurance, Stephen Price, said, “This consortium increases our line size by more than a third, giving brokers access to additional A-rated Lloyd’s capital through a single placement while allowing us to maintain full oversight of underwriting and claims.”
“By consolidating Lloyd’s capacity into a single smart follow offering, the consortium will simplify placement for brokers, reduce panel complexity, and ensure consistent terms and claims handling across the placement.”
“In addition, the facility brings in new and diversified capital into the property treaty market from syndicates not traditionally active in this space, boosting Lloyd’s market capacity overall and increasing the relevance of Lloyd’s pricing and wordings stance in the global market.”
The move comes as investment in data centre infrastructure is expected to increase to nearly $7tn by 2030, according to McKinsey, driving demand for increased reinsurance capacity.
Mr Price said, “The challenge for the market is balancing the scale of capacity required with careful management of accumulation risks. Detailed understanding of exposures and careful risk selection will be essential as this emerging class of business grows.”