FAQs
Who is Amlin and what do we do?Who is on Amlin’s Board of Directors?
Where can I find Amlin’s key financial data?
How is Amlin structured?
What is Syndicate 2001?
What is Lloyd's?
What is an Integrated Lloyd’s Vehicle (ILV)?
Why choose Lloyd’s?
Why does Amlin operate at Lloyd’s?
When was Amlin formed?
Where are Amlin's operations?
What are Amlin’s main sources of revenue or income?
Which stock market analysts cover Amlin?
How exposed is Amlin to major catastrophes?
Who is Amlin and what do we do?
Amlin plc is a specialist insurance and reinsurance underwriting group, listed on the London Stock Exchange. We specialise in providing insurance cover to commercial enterprises addressing many of their risk management needs. We also provide reinsurance protection to other insurance companies around the world, via Syndicate 2001 and Amlin Bermuda Limited. We have one of the most diverse portfolios of risk in the Lloyd’s market and employ specialist underwriters with expertise in some 30 different business classes.
Who is on Amlin’s Board of Directors?
Please follow the link to Management.
Where can I find Amlin’s key financial data?
Please follow the link to our Financial Highlights section.
Please follow the link to the Organisation section of our website.
Syndicate 2001 is one of 75 underwriting syndicates which are currently operating at Lloyd’s. It is managed by Amlin’s wholly owned managing agency, Amlin Underwriting Limited, and Amlin has been the sole member of the Syndicate since the commencement of the 2004 Lloyd’s year of account.
Syndicate 2001 has a 2008 “capacity” of £825 million, which makes it one of the largest businesses in Lloyd’s. Capacity is the amount of premium income which the syndicate is permitted to write in an underwriting year based on the capital which Amlin has placed in support of the syndicate. Premium income for this purpose is expressed net of brokerage.
In addition, we write reinsurance business through Amlin Bermuda. Capitalised at US$1 billion, Amlin Bermuda is focused on expanding Amlin's high quality reinsurance account.
Lloyd's is the world's leading insurance market providing
specialist insurance services to businesses in over 200 countries
and territories.
In 2008, 75 syndicates are underwriting insurance at Lloyd's.
Lloyd's is the world's leading insurance market providing
specialist insurance services to businesses in over 200 countries
and territories.
What is an Integrated Lloyd’s Vehicle (ILV)?
ILVs such as Amlin manage the affairs of, and support with capital, syndicates at Lloyd’s. Thus “Integrated” refers to the integration of capital provision with the management of syndicate underwriting. Please follow the link to the Organisation section of our website.
Lloyd’s offers versatile underwriting with strong security and an unparalleled claims payment record. Lloyd’s is the only truly international insurance market, in which 92% of FTSE and 93% Dow Jones companies find policies covering risks in over 200 countries and territories worldwide. The market has a positive appetite for complex risks. Together, the syndicates underwriting at Lloyd’s form one of the world’s largest commercial insurers, and a leading reinsurer. For 2007 Lloyd’s had £16.3 billion of gross premium written.
Why does Amlin operate at Lloyd's?
Download an extract from Amlin’s 2004 Annual Report on why we operate at Lloyd’s. (PDF, 1MB)
As a legal entity, Amlin was formed as Angerstein Underwriting Trust plc in 1993. It changed its name to Amlin plc upon the merger with the Murray Lawrence Group in 1998. Please follow the link to the History section of our website.
Amlin writes insurance and reinsurance business originating from all over the world. Amlin's offices are in the UK, Bermuda and Singapore. View the location for each of Amlin’s offices.
What are Amlin’s main sources of revenue or income?
Amlin has two main sources of income. First the premium income derived from risks which are underwritten. Please see the Clients section for how we source premium income.
Second, we generate investment returns on both our corporate assets and syndicate technical assets (which are the balances of net premiums less claims and expenses) maintained in various Lloyd’s trust funds. The Group’s combined balances of financial assets at 31 December 2007 amounted to £2.6 billion.
Which stock market analysts cover Amlin?
Please see the Analysts section in our Investor Centre.
How exposed is Amlin to major catastrophes?
Amlin has the leading reinsurance account in the Lloyd’s market and a reinsurance business in Bermuda, which results in potential material exposures to major catastrophes. The Company manages these exposures so that their potential impact is expected to be within set limits – please see Realistic Disaster Scenario (RDS) analysis and Modelling.
Note: Amlin takes care to provide its website users with accurate and timely information. We cannot be held responsible for websites belonging to other organisations.