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 Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insu ...

protection to other insurance companies around the world, MS Amlin's shares were listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

until it was acquired by

Mitsui Sumitomo Insurance Group is a Japanese insurance holding company headquartered in Tokyo, Japan. MSIG was formed in 2001 from the merger of Mitsui Marine & Fire Insurance Co. (itself descended from the Taishō Marine and Fire Insurance Co. founded in 1918) and The Sum ...

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

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 122 Leadenhall Street, also known as the Leadenhall Building, Leadenhall Tower or informally the Cheesegrater, is a skyscraper in central London. It opened in July 2014 and was designed by Rogers Stirk Harbour + Partners. The informal name ref ...

Operations

MS Amlin is organised as follows: *Amlin Bermuda **A branch of Amlin AG is a specialist,

underwriting Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability ...

business, formed in October 2005. *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

business through Syndicate 2001 at Lloyd's. *Amlin Re Europe **Amlin Re Europe (ARE) is the Group's Zurich based

business. ARE commenced

in October 2010 as a full service

operation. *Amlin UK **Operates as part of Amlin Underwriting Limited and underwrites business through Syndicate 2001 at Lloyd's.

Financial ratings

The three

platforms within MS Amlin are financially rated separately: *Syndicate 2001 (

Reinsurance Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insu ...

/Insurance) ** A. M. Best: A+ (Superior) **

Moody's Investors Service Moody's Ratings, previously and still legally known as Moody's Investors Service and often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its histo ...

: A2 (Stable) **

Standard & Poor's S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is co ...

: Lloyd's Syndicate Assessment 4+ (Stable) * Amlin AG (

) ** A. M. Best: A (Excellent) **

: A2 (Stable) **

: A (Stable) **

Fitch Ratings Fitch Ratings Inc. is an American credit rating agency. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission and is considered as being one of the " Bi ...

: A+ (stable) *Amlin Europe NV **

: A+ (stable) **

: A- (Stable)

Major shareholders

As of January 2014 the major shareholders in Amlin were: *

Invesco Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco oper ...

Ltd: 69,519,312 (13.9%) *

Baillie Gifford Baillie Gifford & Co is a British investment management firm which is wholly owned by partners, all of whom work within the firm. It was founded in Edinburgh, Scotland, in 1908 and still has its headquarters in the city. It has corporate offices ...

& Co: 25,136,807 (5.1%) *

BlackRock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

, Inc.: 24,551,817 (4.9%) *Majedie Asset Management Ltd: 23,663,478 (4.8%) *

AXA Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2024, it is the fourth largest financi ...

S.A.: 23,197,732 (4.7%) *

JPMorgan Chase JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...

& Co: 19,624,490 (4.0%) 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 The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...

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 Rugby union football, commonly known simply as rugby union in English-speaking countries and rugby 15/XV in non-English-speaking world, Anglophone Europe, or often just rugby, is a Contact sport#Terminology, close-contact team sport that orig ...

'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 The European Rugby Champions Cup (known as the Investec Champions Cup for sponsorship reasons) is an annual rugby union tournament organised by European Professional Club Rugby (EPCR). It is the top-tier competition for clubs who compete in a pre ...

. In 2010

Essex County Cricket Club Essex County Cricket Club is one of eighteen first-class county clubs within the domestic cricket structure of England and Wales. It represents the historic county of Essex. Founded in 1876, the club had minor county status until 1894 w ...

signed Amlin as its sponsor and in early 2014 Amlin signed a three-year deal to become the platinum sponsor of

. The company also sponsors the Eventing Grand Prix at

Hickstead Hickstead may refer to: * All England Jumping Course at Hickstead, a show jumping venue in England * Hickstead (horse), an Olympic gold medal-winning show jumping horse * Hickstead, a hamlet in Twineham civil parish, in the Mid Sussex Distri ...

and the

UK Youth UK Youth is a Hampshire based Charitable organization, which was founded in year 1911 to youth work. Management The patron of the charity is Her Royal Highness Princess Anne. The current president is Nigel Mansell, CBE. The chair is Anne Stone ...

London Art Show. Amlin announced the sponsorship of the

FIA Formula E Championship Formula E, officially the ABB FIA Formula E World Championship, is an open-wheel single-seater motorsport championship for electric cars. The racing series is the highest class of competition for electrically powered single-seater racing cars. ...

racing team Amlin Aguri in 2014 and

Andretti Autosport Andretti Global is an American motorsports organization with teams competing in the IndyCar Series, Indy NXT, Formula E, and joint entries in IMSA and the Australian Supercars Championship. Starting in 2026, Andretti will also operate the Cad ...

in 2015.

Notable losses

On 11 September 2001 Syndicate 2001 suffered a $137.2m loss from the

terrorist attacks The following is a list of terrorist incidents that were not carried out by a state or its forces (see state terrorism and state-sponsored terrorism). Assassinations are presented in List of assassinations and unsuccessful attempts at List o ...

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 ''Costa Concordia'' () was a cruise ship operated by Costa Crociere. She was the first of her class, followed by her sister ships '' Costa Serena'', '' Costa Pacifica'', '' Costa Favolosa'' and '' Costa Fascinosa'', and ''Carnival Splendor'' b ...

disaster.

References

External links

Official site
{{Authority control 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