MS Amlin Underwriting fined nearly £9.7m over control failures
The PRA says MS Amlin Underwriting failed to embed a strong or effective risk culture, failed to put in place appropriate or effective risk mitigation strategies and failed to establish an adequate or transparent organisational structure
Lloyd's carrier failed to embed strong or effective risk culture and put in place risk mitigation strategies in relation to underwriting business structure in place between 2014 and 2019