MS Amlin Ltd. launched David Ashby Underwriting Ltd., a specialist equine managing general agency.
The launch follows the buyout of MS Amlin's equine book of business and renewal rights by David Ashby, former managing director and principal underwriter for equine at MS Amlin.
Ashby will be CEO and chief underwriting officer of David Ashby Underwriting, which began underwriting Jan. 1.
The MGA will service MS Amlin's existing livestock and bloodstock business through a purchase agreement to ensure continuity for existing brokers and clients. The combined equine book is expected to underwrite gross written premium of around £25 million in 2020.
David Ashby Underwriting is a Lloyd's of London coverholder, with capacity provided by Hiscox and MS Amlin on a 50/50 joint venture basis. The MGA is part of BPB Underwriting Management Ltd. and will receive business support from Asta Underwriting Management Ltd.