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 [...]