elseco Aviation book expands further in partnership agreement with AmTrust
elseco, the high-tech specialty underwriting platform, has entered into a long term partnership agreement in Aviation with AmTrust at Lloyd’s, further growing elseco’s global Aviation footprint.
From this month, AmTrust Aviation team will move to form part of the elseco underwriting platform. AmTrust at Lloyd’s will work closely with the team following their move, offering not only capacity but also strategic and actuarial support.
The partnership will provide operational and service improvements to the elseco’s platform while allowing the underwriting team to expand their expertise in this sector but also deliver competitive and innovative solutions to broking partners and clients.
Laurent Lemaire, Founder & CEO of elseco, said: “We have had an excellent working relationship with Syndicate 1861 and their Aviation portfolio and team provide the right sustainable growth we are looking at to continue our Aviation line expansion and aggregation plans. With Bassel Matta working alongside Darren Shearwood we will be able to strengthen our GA position, offering ourselves as a world market leader in this class. Both individuals will report into Richard Etridge, elseco Global Head of Aviation.”
Chris Jarvis, AmTrust at Lloyd’s Director of Underwriting added “elseco’s underwriting platform provides the best fit for our Aviation portfolio going forward while providing a strong platform for it to continue to develop successfully. We are fully aligned to continue supporting elseco and working closely with them in this partnership. We wish Bassel and the team moving to elseco all the very best and thank them for their dedicated contribution to Syndicate 1861.”
ABOUT ELSECO
elseco is a high technology specialty insurance underwriting platform. More than 70 insurance and reinsurance companies including Lloyd’s syndicates are currently trading on the platform. elseco group has regulated offices in London, Zurich, Paris, Dubai and Washington DC. elseco via its newly launched Atom™ technology platform is providing “the most advanced underwriting services” to its partners. www.else.co
ABOUT AMTRUST
AmTrust Financial Services, Inc., is a multinational insurance holding company headquartered in New York City, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile, general liability and extended service and warranty coverage through its primary insurance subsidiaries.
AmTrust at Lloyd’s business is ‘underwriting focussed’ with a commitment to delivering excellence to our clients and partners. AmTrust at Lloyd’s looks to offer clients and partners access to a wide range of products, expertise and lead underwriting capacity within a long term and profitable business partnership. AmTrust at Lloyd’s, Syndicate 1861, has an underwriting capacity of £616M gross for the 2019 year of account. For more information about AmTrust at Lloyd’s visit www.amtrustatlloyds.com