Organisation
Amlin’s main operational subsidiary is Amlin Underwriting Limited (“AUL”), a Lloyd’s managing agency which has responsibility for managing Amlin’s underwriting operations which are conducted through our wholly owned Syndicate 2001 at Lloyd’s. Syndicate 2001 is organised and managed in the following Divisions:
The Group provides capital to support the underwriting of Syndicate 2001 through a number of subsidiaries which are Corporate Members of Lloyd’s. Until 2004, Syndicate 2001 was a joint venture involving Lloyd’s Names, other corporate participants and Amlin. Amlin bought out these other participants in 2002 with an offer which involved the Names retaining an interest in the Syndicate’s underwriting until the end of the Lloyd’s 2003 year of account.
In November 2005, the company established Amlin Bermuda, a
reinsurance business capitalised at
US$1 billion and rated A- (Excellent) by A.M. Best and A by
Standard & Poor’s.
The chart below illustrates the manner in which the Group organises its underwriting activities.
