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 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.

Headquarters

As of September 2015, MS Amlin is based at

122 Leadenhall Street 122 Leadenhall Street, which is also known as the Leadenhall Building, is a skyscraper in central London. It opened in July 2014 and was designed by the Rogers Stirk Harbour + Partners; it is known informally as The Cheesegrater because of its ...

Operations

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

underwriting 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

underwriting business. ARE commenced underwriting 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 underwriting 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: 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 con ...

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

) ** A. M. Best: A (Excellent) ** Moody's Investors Service: A2 (Stable) **

: A (Stable) ** Fitch Ratings: A+ (stable) *Amlin Europe NV ** Fitch Ratings: A+ (stable) **

: A- (Stable)

Major shareholders

As of January 2014 the major shareholders in Amlin were: * Invesco Ltd: 69,519,312 (13.9%) * Baillie Gifford & Co: 25,136,807 (5.1%) * BlackRock, Inc.: 24,551,817 (4.9%) *Majedie Asset Management Ltd: 23,663,478 (4.8%) *

AXA Axa S.A. (styled as ''AXA'' or GIG in the Middle East) is a French multinational insurance company. The head office is in the 8th arrondissement of Paris, France. It also provides investment management and other financial services. The Ax ...

S.A.: 23,197,732 (4.7%) * JPMorgan Chase & 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 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 The EPCR Challenge Cup is an annual rugby union competition organised by European Professional Club Rugby (EPCR). It is the second-tier competition for clubs based in European leagues behind the European Rugby Champions Cup. From its inception i ...

and a premium partner of the

Heineken Cup The European Rugby Champions Cup (known as the Heineken 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 when ...

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 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

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