Acquisition outcome
Amlin Plc
AMLIN plc
AMLIN COMPLETES TRANSFER OF LOCKTON’S INSOLVENCY INSURANCE BUSINESS
Amlin plc (Amlin), the leading independent insurer, today completed the transfer of the insolvency practitioners’ insurance business in the United Kingdom from Lockton. The business, which generated approximately £13 million of gross written premium in 2009, will operate as an FSA-registered broker and trade as AUA Insolvency Risk Services Limited. The 40 strong staff will continue to report to Managing Director, George Pritchard.
David Overall, Sales & Marketing Director of Amlin UK, said, “We are pleased to add this countercyclical niche business to our offering in the United Kingdom and welcome the team to the Amlin group.â€
22 January 2010
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Hannah Bale, Head of Communications, Amlin plc | 020 7746 1000 |