Amlin acquires HCC renewal rights

by Gill Montia

Story link: Amlin acquires HCC renewal rights

Lloyd’s insurer, Amlin plc, has announced that Syndicate 2001 has acquired renewal rights from HCC Underwriting Agency Ltd.

The business, which comprises approximately £20 million of general commercial motor fleet insurance, will be integrated into the firm’s UK commercial division, Amlin Insurance Services.

Divisional underwriter, Brian Carpenter, says the acquisition demonstrates Amlin’s commitment to its London Market brokers and is in line with the company’s strategy of developing its UK book further.

Amlin underwrites a wide range of commercial motor fleet business in the UK via the Summit brand.

It also provides risk management solutions to clients globally.

The firm owns 100% of its £825 million capacity for 2008, which is written through Lloyd’s Syndicate 2001.

HCC is a Lloyd’s managing agent and part of HCC Insurance Holdings, Inc, a specialty insurance group headquartered in Houston, Texas.