Amlin Bermuda commenced trading in December 2005 and operates in the reinsurance market. In October 2010, Amlin Bermuda Limited was re-domiciled to Zurich to become Amlin AG and Amlin Bermuda now operates as a Bermuda based branch of Amlin AG.
Business written is predominantly catastrophe reinsurance, similar to that written by Amlin London. Amlin Bermuda writes a whole account quota share of Syndicate 2001 to provide balance to the overall account. In 2011, the quota share was maintained at 17.5%, with the exception of the reinsurance book, where the quota share was reduced to 10.0%. While Amlin Bermuda underwrites risks covering most areas of the world, its key geographies are the US, UK, Japan, Europe and Australia.
Operating Structure
|
