Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Amwins launches follow-form facility with Beazley’s Smart Tracker as lead capacity


Amwins Global Risks, the international arm of insurance origination and distribution specialist Amwins, has launched a new follow-form facility with lead capacity backing from Beazley’s third-party capital backed Smart Tracker syndicate 5623 at Lloyd’s.

beazley-amwins-logosThe third-party capital backed Smart Tracker is one of Beazley’s underwriting structures at Lloyd’s that attracts a diverse range of institutional investor capital, akin to an insurance-linked strategy, including well-known pension investors that allocate to insurance-linked securities (ILS).

The Smart Tracker both augments Beazley’s underwriting capacity in the market, while also enabling it to earn fee-like income and offer low-cost risk capital to clients.

Amwins said that its new tracker is named Amplify and it operates on an new automated follow-form facility basis, with capacity led by Beazley’s Smart Tracker Syndicate 5623.

Amplify is initially focused on covering Property risks, but will add cross-class diversification, with up to 15% capacity for policies written on a subscription basis, following terms set by a select panel of underwriters, Amwins explained.

Amwins currently places over $2.5 billion of business into the London Market, which it believes is a substantial base from which it can build complementary market facilities.

The automated follow-form facility Amplify is led by John Andrews and Tom Wallace, who have a combined five decades of experience in broking and underwriting between them, and Amwins said are well-placed to build the programme out.

Tom Wallace, Head of Capacity Portfolio Management, commented, “We’re excited to be at the forefront of growth in automated underwriting as it increases both scale and efficiency for markets, as well making the London market a more diversified and competitive place to do business. By making it easier for Amwins’ brokers and clients to access exclusive facilities, we ensure a higher take-up and better delivery for our capacity providers. The fusion of technology, data and analytics is fundamental to our success and the continual development of capabilities and platforms.”

John Andrews, Head of Capacity Portfolio Management, also said, “We’re confident Amplify will provide immediate access for carriers at market terms, and simplify the placing process for both brokers and clients. What’s more, we’re thrilled to have Beazley as our initial capacity partner as they have been a driving force in the automated and follow form underwriting capabilities.”

Will Roscoe, Head of Portfolio Underwriting, and Active Underwriter of Beazley Smart Tracker Syndicate 5623 added, “Beazley is delighted to provide capacity to Amplify, a facility which has high quality data, and potential for strong future growth. We are confident that this exciting new facility will both create efficiencies for Amwins Global Risks clients and also attract new business to the London market.”

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.