MS Amlin has launched a property treaty consortium designed to increase capacity for property per risk business and simplify placement.

The Property Treaty Per Risk Consortium increases MS Amlin’s maximum line size from US$50m to US$67.5m, a 35% uplift in capacity. The move is expected to support growing demand for higher limits in datacentres.

The consortium includes Nephila Syndicate 2358, Nephila Syndicate 2359, Hampden Syndicate 2689 and Apollo Syndicate 1969, with MS Amlin acting as lead underwriter and retaining authority for underwriting and claims.

Stephen Price, head of North American property reinsurance at MS Amlin, 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.”

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