Lloyd’s to Establish Amlin Illinois Inc. in Chicago

Amlin, a leading Lloyd’s insurer, plans to open an office in Chicago. Amlin Illinois Inc, will work within the existing Lloyd’s infrastructure, utilizing the Lloyd’s licence in Illinois to write admitted business which may not otherwise reach the London market. The Amlin Illinois office will open in early August.

Paul Glenton was named vice president of the new operation which will specialize in property/casualty, auto and marine cargo business. Glenton will report to Amlin Illinois President David Harris. In 2002, Glenton helped set up Navigators’ Midwest property/casualty operation, which has now expanded beyond the original six U.S. states, but remains centered on Illinois.

Duncan Dale, divisional underwriter of Property and Casualty, said, “We already write some admitted business through Lloyd’s Illinois and we see this new development as beneficial in servicing that business. It will also afford us a keener understanding of local market conditions and the opportunities available to us by working within the admitted licence framework provided by Lloyd’s.”

David Harris, president, Amlin Illinois said, “Our approach to international development has been to work with our brokering partners and to support and use the existing licence structure provided by Lloyd’s. We believe Chicago gives us a strong base from which to support our existing relationships, build new partnerships and encourage more business into the London market where we can demonstrate our underwriting expertise.”

Amlin plc is a recognized leader in the London insurance and reinsurance market, providing a global client base with risk management solutions, according to the Amlin statement.

Source: Amlin (Lloyds)

Topics Excess Surplus Property Casualty Illinois Lloyd's London