Amlin News

UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report

In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published …

Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch

The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers tend to hold a …

Beazley’s ROE of 19% Will Be ‘Difficult’ to Sustain in Current Market: CEO Horton

Beazley Plc Chief Executive Officer Andrew Horton said the company’s return on equity of 19 percent in 2015 isn’t sustainable against a backdrop of increased competition and falling insurance rates. “Margins are bound to come under pressure,” the CEO said …

Mitsui Sumitomo Insurance Completes Acquisition of ‘MS Amlin’

Lloyd’s of London insurer Amlin plc announced the completion of its acquisition by Mitsui Sumitomo Insurance Co. Ltd., a wholly owned subsidiary of MS&AD Insurance Group Holdings Inc., following receipt of regulatory and legal approvals. MSI has acquired the entire …

Amlin Finalizes Merger of 2 European Subsidiaries, Creating Amlin Insurance SE

Amlin plc, the London-based specialist insurer, announced the successful completion on Jan. 4 of the cross-border merger of two of its insurance company subsidiaries, Amlin Europe N.V. and Amlin Insurance (UK). The combined post-merger insurance company is called Amlin Insurance …

Amlin Appoints Lead Underwriter to Build Latin American Business

Amlin plc, the specialist international insurer, has appointed Lucas Castagnino as lead underwriter, as momentum behind the build out of its Latin America underwriting activities gathers pace. With experience in the Latin American reinsurance market, Castagnino joins from SCOR’s Latin …

Lloyd’s Syndicates Join Forces to Help Emerging Markets Build Nat Cat Resilience

Eight Lloyd’s syndicates are joining forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. Emerging economies across Latin America, Africa, and Asia currently contribute 40 percent to …

Waiting List for Insurers to Get Seats on Lloyd’s Underwriting Floor Hits Record

The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd’s has requests for about 160 so-called …

Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As

Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much. Deal-making will continue after Tokyo-based MS&AD Insurance Group Holdings Inc. agreed last week …

Who Will Be Next? M&A Trends to Be Eyed at Monaco Reinsurance Meeting

A prolonged decline in global reinsurance prices is spurring merger moves in the sector, with many executives attending next week’s annual industry meeting in Monte Carlo eyeing who might next become predator or prey. While the $600 billion industry, which …