Changes in Board Responsibilities
25 May 2006
Lord Stewartby, Deputy Chairman, retired from the Board of Amlin
at the conclusion of today's Annual General Meeting.
The Board has today appointed Mr Nigel Buchanan to succeed Lord
Stewartby as Amlin's senior independent non-executive Director. Mr
Buchanan has also replaced Lord Stewartby on the Nomination
Committee. Sir Mark Wrightson, who joined the Board in March 2006,
has replaced Lord Stewartby on the Remuneration Committee. All of
these appointments are with immediate effect. For the time being,
the Board will not be appointing a Deputy Chairman.
Following the reinsurance to close earlier this year of Amlin's
Syndicate 2001's final Lloyd's year of account with external
capital, Mr Michael Davies retired as the independent non-executive
Chairman of Amlin's Lloyd's managing agency subsidiary, Amlin
Underwriting Limited ("AUL"). Now that the syndicate is 100% Group
owned, it has been decided to bring the membership of the AUL and
Amlin boards into much closer alignment. Accordingly Mr Roger
Taylor, Chairman of Amlin plc, has been appointed Chairman of AUL
and all of the other non-executive Directors of Amlin plc will also
be joining the AUL Board. The Boards believe that these changes
should improve both the effectiveness and efficiency of the Group's
governance.
