Type Public limited company Website www.msamlin.com Headquarters London, United Kingdom Net income 236.4 million GBP (2014) | Industry Insurance Revenue 2.476 billion GBP (2014) Founded 1998 | |
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Key people Roger Taylor, (Chairman)Charles Philipps, (CEO) Number of employees 1,700 in seven countries (2013) CEO Charles Philipps (Jul 1999–) Parent organization | ||
Interview with robert robinson amlin group general counsel
MS Amlin is an independent insurer operating in the Lloyd's, UK, Continental Europe and Bermudian markets. Specialising in providing insurance cover to commercial enterprises and reinsurance protection to other insurance companies around the world, Amlin's shares were listed on the London Stock Exchange until it was acquired by Mitsui Sumitomo Insurance Group in February 2016.
Contents
- Interview with robert robinson amlin group general counsel
- Amlin brokers roadshow 2014
- History
- Headquarters
- Operations
- Financial ratings
- Major shareholders
- Research
- Sponsorship
- Notable losses
- References
Amlin brokers roadshow 2014
History
The Company was formed on the 28 September 1998 through the merger of Angerstein Underwriting Trust and Murray Lawrence Group syndicate (the name was derived by combining 'A' from Angerstein, 'ML' from Murray Lawrence Group and 'IN' from Insurance). However, the oldest part of the business (K J Coles Syndicate) dates back to 1903. In 2008 it bought Anglo French Underwriters and subsequently renamed it as Amlin France in 2010. In July 2009 it acquired Fortis Corporate Insurance for €350m only to be renamed Amlin Corporate Insurance. In December 2011 Amlin issued a 'catastrophe bond' with a yield of 16.75% to try and protect shareholders from the worst effects of severe losses.
On 8 September 2015, it was announced that Mitsui Sumitomo Insurance Group had agreed to buy the firm for £3.5bn. The acquisition was completed in February 2016.
Headquarters
As of September 2015, MS Amlin is based at 122 Leadenhall Street.
Operations
MS Amlin is organised as follows:
Financial ratings
The three underwriting platforms within Amlin are financially rated separately:
Major shareholders
As of January 2014 the major shareholders in Amlin were:
The above gives the shareholder name, followed by the number of shares owned and their subsequent percentage holding.
Research
In early 2014, Amlin teamed up with the University of Oxford to study the dangers of relying on catastrophe predictions – in the latest sign of the industry’s concern over the accuracy of computer models.
Sponsorship
In 2009, the company signed a sponsorship deal with Rugby Union's European Rugby Cup to partner two rugby tournaments in Europe. Amlin is the title sponsor of the Amlin Challenge Cup and a premium partner of the Heineken Cup. In 2010 Essex County Cricket Club signed Amlin as its sponsor and in early 2014 Amlin signed a three-year deal to become the platinum sponsor of Essex County Cricket Club. The company also sponsors the Eventing Grand Prix at Hickstead and the UK Youth London Art Show. Amlin announced the sponsorship of the FIA Formula E Championship racing team Amlin Aguri in 2014 and Andretti Autosport in 2015.
Notable losses
On September 11, 2001 Syndicate 2001 suffered a $137.2m loss from the terrorist attacks that day. In 2011 Amlin made significant losses after £500m in claims from disasters including the Fukushima earthquake and Thai floods. In January 2012 the company paid out a small percentage of the total claims resulting from the Costa Concordia disaster.