Amlin

Quality 0.50 · 3 views · Updated 2 months ago

British insurance company

title: "Amlin" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-formerly-listed-on-the-london-stock-exchange", "insurance-companies-of-the-united-kingdom", "financial-services-companies-established-in-1998", "1998-establishments-in-england", "sumitomo-group", "ms&ad-insurance-group", "2016-mergers-and-acquisitions"] description: "British insurance company" topic_path: "geography/united-kingdom" source: "https://en.wikipedia.org/wiki/Amlin" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary British insurance company ::

::data[format=table title="Infobox company"]

FieldValue
nameMS Amlin
logoMS Amlin logo.svg
typePrivate limited company
foundation1998
location122 Leadenhall Street, London, United Kingdom
key_peopleRoger Taylor, (chairman)
Charles Philipps, (CEO)
industryInsurance, (Re)Insurer
revenue£2,476.4 million (2014)
num_employees1,700 in seven countries (2013)
parentMitsui Sumitomo Insurance Group
homepagewww.msamlin.com
::

| name = MS Amlin | logo = MS Amlin logo.svg | type = Private limited company | traded_as = | foundation = 1998 | location = 122 Leadenhall Street, London, United Kingdom | key_people = Roger Taylor, (chairman) Charles Philipps, (CEO) | industry = Insurance, (Re)Insurer | products = | revenue = £2,476.4 million (2014) | operating_income = | net_income = | num_employees = 1,700 in seven countries (2013) | parent = Mitsui Sumitomo Insurance Group | subsid = | homepage = www.msamlin.com | caption = | footnotes =

MS Amlin Ltd is an 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, MS Amlin's shares were listed on the London Stock Exchange until it was acquired by Mitsui Sumitomo Insurance Group in February 2016.

History

The company was formed on 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.

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.

MS Amlin was fined £9.7 million by the Prudential Regulation Authority for risk management failures in September 2022.

Headquarters

As of September 2015, MS Amlin is based at 122 Leadenhall Street.

Operations

MS Amlin is organised as follows:

  • Amlin Bermuda
  • Amlin Europe
    • A specialised insurer for large and medium-sized companies in continental Europe.
  • Amlin London
    • Part of Amlin Underwriting Limited and writes insurance and reinsurance business through Syndicate 2001 at Lloyd's.
  • Amlin Re Europe
  • Amlin UK
    • Operates as part of Amlin Underwriting Limited and underwrites business through Syndicate 2001 at Lloyd's.

Financial ratings

The three underwriting platforms within MS 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, MS 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.{{cite web|url=https://www.ft.com/content/b6ca34f2-9181-11e3-8fb3-00144feab7de|title=Insurer and Oxford university link for catastrophe study |work= Financial Times |date=9 February 2014 |access-date=9 February 2014}}

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 11 September 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.

References

References

  1. "Preliminary Results 2014". Amlin.
  2. (28 September 1998). "Angerstein Underwriting Trust acquires Murray Lawrence". Thompson M&A.
  3. "Overview – Amlin plc".
  4. (26 November 2008). "Amlin completes acquisition of Anglo French Underwriters". Post on line.
  5. (3 June 2009). "Amlin acquires Fortis Corporate Insurance for €350m". The Telegraph.
  6. (8 September 2015). "Mitsui Sumitomo to buy insurer Amlin for £3.5bn". Financial Times.
  7. (1 February 2016). "Mitsui completes Amlin acquisition". Insurance Day.
  8. (20 October 2022). "Bank of England fines Amlin $11 mln for risk management failings". Reuters.
  9. (December 2012). "Amlin rents space in the Cheesegrater". The Telegraph.
  10. "Amlin About Us". Post on line.
  11. "Financial strength ratings".
  12. "Major Shareholders – Amlin plc".
  13. (23 April 2010). "Essex Cricket Club signs Amlin as sponsor".
  14. (24 January 2014). "Amlin's continued support for Essex cricket".
  15. (28 April 2011). "Hickstead latest news".
  16. (22 September 2009). "Amlin sponsors art show".
  17. "Amlin Aguri Official FIA Formula E Championship".
  18. "Amlin and TE Connectivity to sponsor US team".
  19. "History – Amlin plc".
  20. (5 March 2012). "Natural disasters push Amlin to £194m loss". The Telegraph.
  21. (7 February 2012). "Amlin estimates pay out on cruise disaster". Sharecast.

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

companies-formerly-listed-on-the-london-stock-exchangeinsurance-companies-of-the-united-kingdomfinancial-services-companies-established-in-19981998-establishments-in-englandsumitomo-groupms&ad-insurance-group2016-mergers-and-acquisitions