Amlin Corporate Insurance becomes Amlin Europe
by Richard Kilner
Story link: Amlin Corporate Insurance becomes Amlin Europe
Amlin Corporate Insurance has announced that it is now to operate under the name Amlin Europe. The firm’s legal entity/risk carrier will remain the same. The renaming is a first step in Amlin’s growth strategy for Europe, with the firm intending to further develop its brand across continental Europe. Later this year Amlin France will [...]
Amlin returns to the black in H1
by Richard Kilner
Story link: Amlin returns to the black in H1
Amlin has reported its interim financial results for the six months ended 30 June 2012. Biannual pre-tax profits for this period came to £184.5m, almost the mirror image of the £192.3m loss that the firm incurred during the corresponding period last year. However, the first half of 2011 was particularly notable for the very high [...]
Amlin announces raft of management changes
by Richard Kilner
Story link: Amlin announces raft of management changes
Amlin has announced a number of changes to its senior management, including the appointment of Simon Beale to the newly created position of group chief underwriting officer. Beale is tasked with furthering the development of the firm’s Group Underwriting function as well as chairing the Underwriting Practice Boards which will cover Reinsurance, International Property and [...]
Amlin announces divisional integration
by Richard Kilner
Story link: Amlin announces divisional integration
Amlin has announced that Amlin France (known as Anglo-French underwriters prior to its acquisition by Amlin four years ago) is to be integrated into Amstelveen-based Amlin Corporate Insurance. The integration will consolidate all of the firm’s European commercial insurance activities and enable a broader client proposition to be offered in Europe. Amlin France Chairman François [...]
Lloyd’s syndicates launch Asia terrorist consortium
by Gill Montia
Story link: Lloyd’s syndicates launch Asia terrorist consortium
A new insurance consortium, Xin, has been launched by Lloyd’s syndicates, specialising in helping businesses protect against the on-going threat of a terrorist attack in Asia. Amlin, Markel, Canopius and Argenta have set up the Singapore-based consortium to provide terrorist insurance protection to businesses operating in South East Asia and the Asia Pacific region. The [...]
Amlin posts 2011 loss as chairman prepares to exit
by Gill Montia
Story link: Amlin posts 2011 loss as chairman prepares to exit
Amlin has posted a pre-tax loss of £193.8 million for 2011, compared with a profit of £259.2 million a year earlier. Net catastrophe losses for 2011 amounted £500.8 million, having accelerated beyond the expected figure of £170 million. The re / insurer also saw a negative return on equity of 8.6% (2010: positive 13.9%) and [...]
Amlin appoints Sir Alan to the board
by Richard Kilner
Story link: Amlin appoints Sir Alan to the board
The Board of Amlin plc has announced the appointment of Sir Alan Collins, KCVO, CMG, as an independent non-executive director. Sir Alan, whose appointment is made with effect from 14 November, has enjoyed a long and successful diplomatic career. Previous appointments include Ambassador to the Philippines and High Commissioner to Singapore, and he was most [...]
Amlin’s biannual results hit by catastrophes
by Richard Kilner
Story link: Amlin’s biannual results hit by catastrophes
Amlin has reported its financial results for the first six months of 2011, including a pre-tax loss of £192.3m. The loss was largely due to the high level of catastrophe activity in the first half of the year, and compares to pre-tax profits of £107.6m in the corresponding period in 2010. The total biannual catastrophe [...]
Amlin warns on profit
by Gill Montia
Story link: Amlin warns on profit
Following completion of its second-quarter reserve review, Amlin says it is unlikely to meet previous profit expectations for 2011. Overall, the specialist re/insurer estimates that it will be £65 million below previous pre-tax profit expectations and £53 million below after-tax expectations. The firm has seen a material increase in notified claims relating to the New [...]
Amlin bolsters bloodstock team
by Richard Kilner
Story link: Amlin bolsters bloodstock team
Amlin has announced the appointment of Julian Lloyd to its Bloodstock underwriting team. Lloyd is the chairman of LMA’s Livestock Business Panel and, prior to joining Amlin, worked for over two decades with Hiscox, developing its bloodstock book. David Ashby, managing director of Amlin Plus Limited, the Bloodstock and Equine intermediary of Amlin Plc, described [...]
Amlin appoints ACI CEO
by Gill Montia
Story link: Amlin appoints ACI CEO
Amlin has appointed Kim Hvirgel as the new chief executive of its wholly owned Netherlands-based subsidiary, ACI. Mr Hvirgel was previously chief executive officer of Codan Forsikring, RSA’s Danish subsidiary, having joined the firm in 2001 and previously served as head of commercial underwriting for Denmark, and Nordic divisional director for commercial lines. Commenting on [...]
Amlin appoints ACI chief executive
by Richard Kilner
Story link: Amlin appoints ACI chief executive
Specialist insurer Amlin plc has announced the appointment of Kim Hvirgel to the post of chief executive for its wholly owned Netherlands-based subsidiary ACI. Hvirgel’s appointment, which requires the regulatory green light from the Dutch National Bank, will be effective from 1 June. Incumbent ACI chief executive Patrick Coene will relinquish his position upon the [...]
Amlin results hit by earthquake losses
by Richard Kilner
Story link: Amlin results hit by earthquake losses
Amlin plc has reported its preliminary financial results for the year ended 31 December 2010. The firm has stated it achieved pre-tax profits of £259.2m, approximately half the £509.1m made during the previous year. The decline in profits has been largely attributed to earthquakes in Chile and New Zealand, which have cost the firm £203.6m. [...]
Amlin appoints group head of underwriting
by Richard Kilner
Story link: Amlin appoints group head of underwriting
Amlin plc has announced the appointment of Andreas Luberichs to the newly created post of group head of Underwriting. Luberichs will be tasked with ensuring that all divisions within the group adhere to Amlin’s culture, standards and philosophy of underwriting, particularly with regards to new ventures/acquisitions. Luberichs, who is formerly of Chubb Europe, joins the [...]
Amlin announces pair of acquisitions
by Richard Kilner
Story link: Amlin announces pair of acquisitions
Amlin plc’s wholly-owned subsidiary Amlin Corporate Services Limited has announced that it has completed the acquisition of J R Clare Underwriting Agencies Limited from Mr John Clare. JCUA is a managing general agent which makes around £30m in UK household and commercial insurance premium income. From this point forward, Amlin UK will underwrite 100% of [...]
Amlin appoints leading class underwriter
by Richard Kilner
Story link: Amlin appoints leading class underwriter
Amlin has announced the appointment of Lloyd Fielder to the position of leading class underwriter, and tasked him with the development of the firm’s Professional Lines business. He previously worked for a seven year period with Beazley plc, and brings more than a quarter of a century of experience to Amlin’s Property and Casualty team. [...]
Amlin GWP up 39.4%
by Gill Montia
Story link: Amlin GWP up 39.4%
Amlin has reported a “mixed” trading environment in the third quarter of 2010, with downward pressure on premium rates persisting in many areas. However, the group’s gross written premium was up 39.4% for the ten months ended 31st October 2010, compared with a year earlier, to £1.92 billion. ACI represented £384.9 million of the £1.37 [...]
Amlin appoints new Aviation head
by Richard Kilner
Story link: Amlin appoints new Aviation head
Amlin has announced the appointment of Miles Taffs as the firm’s new head of Aviation at Amlin London. Taffs has been with Amlin London for the last seven years, having joined in 2003 as a leading class underwriter. He first entered the London Insurance Market in 1986 whilst working for Willis Faber as a broker. [...]
Amlin reports declining profits
by Richard Kilner
Story link: Amlin reports declining profits
Amlin has reported its interim results for the first six months of 2010, during which the firm saw gross written premiums surge upwards by 56.4% to £1,486.2m (up from £950.1m). However, pre-tax profits declined sharply, from £177.1m achieved in H1 2009 to £107.6m in the first six months of this year. Annualised return on equity [...]
Amlin appoints Business Development manager
by Richard Kilner
Story link: Amlin appoints Business Development manager
Specialist insurer Amlin has announced the appointment of Patrick McMillen as Business Development & Broker Relationship manager at Amlin UK. In his new post McMillen will be tasked with fostering the insurer’s relationships with brokers in Northern Ireland, Republic of Ireland and Scotland. He most recently worked for a medical diagnostic company, but also brings [...]
