MS Amlin PLC is considering a sale of its aviation book, which consists of about $100 million in premiums, Insurance Insider reported, citing sources.
The company recently decided to exit nine classes of business and operations, including aviation, following an underwriting review.
MS Amlin is exploring several options for the aviation book, which could include dividing rights by sub-segment, such as airline or product liability, sources reportedly told the Insider. MS Amlin is expected to continue underwriting aviation business for at least one more year as it looks for a suitable owner for the book.
Malcolm Brett will continue to lead the underwriting team, according to the report.
MS Amlin reportedly declined to comment on the matter to the Insider.
