MS Amlin, the Lloyd’s global re/insurer, has signed a binder agreement with French managing general agent WeSpecialty to provide contract frustration and credit risk cover for French exporters, the companies announced on Wednesday.
The agreement, effective immediately, gives French insureds and brokers access to MS Amlin’s pre- and post-shipment capacity through WeSpecialty. Policy limits under the binder are set at €20m for contract frustration and €15m for credit risk.
MS Amlin is part of MS&AD, one of the world’s top insurance groups. WeSpecialty is a French MGA specialising in the export sector.
Jamie Cleary, MS Amlin’s head of crisis management, said France’s export sector continues to face complex credit and political risks globally. “WeSpecialty’s knowledge of the local market and disciplined underwriting approach make them a strong partner for our continued growth in this segment,” Cleary said.
Patrick de La Morinerie, WeSpecialty’s chairman, said the agreement provides access to increased capacity from a Lloyd’s insurer.
“MS Amlin’s underwriting expertise and disciplined approach align closely with our own,” de La Morinerie said. “Combined with our decades-long presence in the French market, this partnership allows us to provide high-quality and consistent solutions to French firms facing increasingly uncertain global export conditions.”
The deal extends MS Amlin’s crisis management division, which has expanded considerably over the past year.
In February 2025, the insurer established a credit and political risk unit in Dubai under senior underwriter Osama Elshiekh, marking its entry into the Middle East and North Africa class of business. In January 2026, MS Amlin deepened its Middle East presence further through a reinsurance partnership with its parent company, Mitsui Sumitomo Insurance Co. (MSI), targeting political risk and contract frustration clients in the United Arab Emirates.
