European News

18, May 2012.

MSI Management UK and Ireland, a member of MS and AD Insurance, Japan's largest non-life insurance group and the seventh largest non-life insurance group in the world, today announced the opening of its Dublin office.

Subject to regulatory approval the office will also be the intermediary hub for its UK and Ireland regional underwriting business, with all insurance policies being underwritten by syndicate 3210 at Lloyd's.

This expansion into the UK and Ireland's regional insurance markets has resulted in a multi-million euro investment and will create 30 jobs.

Staff expertise and availability, as well as a favourable business environment, were strong factors in choosing Ireland over other locations.

From its Dublin offices and regional branches in Belfast, Glasgow, Manchester, Birmingham and a commercial office in London, MSI Management UK and Ireland will work with its broker customers across the UK and Ireland to offer commercial insurance services, with anticipated revenues of over E100 million during the next three to five years.

Heading up the regional operation Alan Sheil, a seasoned insurance industry professional, commented: "The decision to locate the regional operation here in Dublin is a real nod of approval for insurance industry employees in Ireland. As well as growing our highly experienced team, we plan to build on current broker relationships to expand predominantly in the indigenous mid-market sector. The MSI Management UK and Ireland's proposition is based on offering market leading insurance products with excellent claims service through empowered, experienced underwriters and a select panel of brokers. We believe the Dublin offices will play a pivotal role in MSI's UK and Irish regional business operations."