sector: Financials ·
industry: Insurance - Property & Casualty ·
As of
3:00pm IST
388.80GBp
Amlin plc is an independent insurer operating in the Lloyd’s, the United Kingdom, Continental European and Bermudian markets. It specializes in providing insurance cover to commercial enterprises and provides reinsurance protection to other insurance companies worldwide. It has four divisions: Amlin London, Amlin UK, Amlin Bermuda and Anglo French Underwriters. Within Amlin London, the Company’s former Non-marine division is organized into two business units: Reinsurance and Property & Casualty. Amlin London writes reinsurance, property and casualty, marine and aviation insurance. The United Kingdom commercial business is written by Amlin UK. Amlin Bermuda is engaged in reinsurance. Anglo French Underwriters is Lloyd’s approved coverholder in France, focusing on small and medium enterprises (SME) specialty business. On November 25, 2008, it acquired a 96.53% interest in Financiere Europe Assurances SAS. On July 22, 2009, the Company acquired Fortis Corporate Insurance N.V.
BRIEF: For the six months ended 30 June 2009, Amlin plc's revenues increased 14% to £510.3M. Net income increased 54% to £167M. Revenues reflect increased net premiums earned from Amlin London and Amlin UK divisions. Net income also reflects an increase in investment return, higher other operating income, an increase in insurance claims & claims settlement expenses recoverable and higher operating margin.
Amlin Plc
St Helen's
1 Undershaft
London ENG EC3A 8ND
P: +44020.77461000
F: +4420.77461696