Amlin Acquires Allied Cedar Insurance Group
03 July 2007
Amlin plc (“Amlin”) announces that it has acquired Allied Cedar Insurance Group Ltd, the holding company of Allied Underwriting Agencies Ltd and Cedar Insurance Company Ltd. Allied Cedar had gross assets of £5.2 million as at 31 December 2006. The vendors are direct and family interests of its Directors and staff, principally those of Messrs Court, Donald, Mitchell and Porter.
The businesses will be integrated into Amlin Insurance Services, the UK Commercial division of the Amlin group. Brian Carpenter, Amlin plc board member and Divisional Underwriter of the UK Commercial division said: “This acquisition increases our UK property account in line with our strategic plan and gives us an opportunity to develop additional SME business, as well as accessing new distribution channels”.
Enquiries:
Hannah Bale 020 7746 1118
Group Communications, Amlin plc
