Amlin plc is an insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 underwriting company headquartered in London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, specialising in the insurance of commercial enterprises.

History

The Company was formed in 1998 through the merger of two existing underwriters - Angerstein Underwriting Trust plc (founded in 1903) and Murray Lawrence Group plc (founded in 1984). The name Amlin was formed as follows: A from Angerstein Underwriting Trust plc, ML from Murray Lawrence Group plc and IN from Insurance.

On 3 June 2009 Amlin announced that it bought Fortis Corporate Insurance from the Dutch government for €350 million.

Operations

Amlin has the following divisions: Amlin London, Amlin UK, Amlin Bermuda, Amlin France, Amlin Corporate Insurance and Amlin Re Europe.

Senior management

	role	salary	bonus	total
Charles Philipps	Chief executive officer	£509,800	£317,600	£827,400
Richard Hextall	Group finance director	£333,800	£209,300	£543,100