Organisation
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. Amlin also set up
operations in Singapore as part of Lloyd's Asia (2007) to
service the admitted and surplus lines markets using the Lloyd's
licence.
In November 2008 Amlin acquired Anglo French Underwriters, the
largest Lloyd's coverholder in France and in July 2009, acquired
Fortis Corporate Insurance, a leading provider of corporate
property and casualty insurance in the Netherlands and Belgium.
In October 2010 Amlin Bermuda Limited was redomiciled to Switzerland and became a Bermuda-based branch of Amlin AG. The company’s new Zurich-based underwriting business (trading as “Amlin Re Europe”) will provide the European insurance market with a meaningful alternative for high quality reinsurance capacity especially for small and mid-sized companies. Amlin AG is rated A (Excellent) by A.M. Best, A2 (Positive) by Moody's and A (Stable) by Standard & Poor’s
Amlin underwrites a diverse portfolio of 30 classes of business through three platforms; Syndicate 2001 at Lloyd's, Amlin AG and Amlin Corporate Insurance. Our operations are organised into six divisions:
- Amlin Bermuda
- Amlin Corporate Insurance
- Amlin France
- Amlin London
- Amlin Re Europe
- Amlin UK