Continuity in an uncertain world

Corporate

History

1903 Coles Syndicate 40 was founded. The Syndicate later became part of the Murray Lawrence Group and is now the Marine division of Amlin.
				1937 Harvey Bowring Syndicate 362 was established. The Syndicate went on to become part of the Murray Lawrence Group and is now the Non-Marine division of Amlin.
1975 PB Coffey Syndicate 902 was established. Its managing agency was acquired by Angerstein Underwriting Trust PLC in 1997.
				1984 Murray Lawrence Group was formed from 14 syndicates, some of which were established as long ago as 1922.
1989 JE Mumford Syndicate 1141 was formed. Its managing agency was acquired by Angerstein Underwriting Trust PLC in 1997.
				1990 Murray Lawrence acquires BPC Holdings Ltd and subsequently merged its managing agency and members’ agency businesses into Murray Lawrence. The acquisition introduced Summit into the Murray Lawrence fold.
1992 Haven, a KJ Coles yacht insurance service company which was formed in 1986, merged with Knox-Johnston IB, to become Haven Knox-Johnston.
				1993 Angerstein Underwriting Trust PLC was formed and floated on the London Stock Exchange to underwrite at Lloyd’s when Lloyd’s changed its rules to permit limited liability companies to enter the market.
1997 Angerstein Underwriting Trust PLC acquired the managing agencies of PB Coffey, Syndicate 902 and JE Mumford Syndicate 1141.
				1997 Murray Lawrence syndicates are merged to form the composite Syndicate 2001.
1998 Amlin plc is formed from the merger of Angerstein and Murray Lawrence.
				1999 Whittington Group, an insurance services business, was sold following Amlin’s decision to focus on its core business.
2000 Amlin disposed of its members' agency activities. Syndicates 902 and 1141 agree merger terms to become part of Syndicate 2001. Syndicate 2001’s underwriting activities are reorganised into four client facing divisions.
				2001 Syndicate 2001 suffers $137.2m* loss from 11 September terrorist atrocities, but still makes a bottom line profit on its 2001 year of account result.
2002 Syndicate 2001 capacity is increased by 39% to £800 million. Amlin raises £123.2 million of new equity capital in two share issues. Amlin enters FTSE 250. A successful offer is made by Amlin for the remaining third party capacity on Syndicate 2001. Terms included a one year limited participation right before 100% ownership for 2004 year of account.
				2003 Amlin Plus, Amlin’s bloodstock and equine joint venture, is launched.
2004 Amlin announces first year ever of pre-tax profits over £100m - £117.8m. Amlin enters the FTSE4Good Index Series. Amlin acquires St. Margaret’s, a well recognised yacht and pleasure craft brand.
				2005 Launch of Amlin Bermuda, a specialist reinsurance underwriting business, capitalised at $1bn.
2007 Amlin Singapore formed in November 2007, as part of the Lloyd’s Asia platform.

* Source: Amlin Underwriting Ltd. Syndicate Annual Report 2001