Changes to Senior Management responsibilities

Changes to Senior Management responsibilities

Amlin Plc

Management changes at Amlin

Amlin announces a number of senior management changes within the Group which took effect from 1 July 2012 and are designed to strengthen management oversight of the Group’s underwriting, risk and corporate centre functions.

Simon Beale has been appointed to the new role of Group Chief Underwriting Officer. He will further develop the Group Underwriting function which was established last year to help ensure that Amlin’s underwriting standards are applied across the Group and will drive and co-ordinate underwriting strategy, in particular where the same class of business is being written in more than one division. Mr. Beale will Chair Amlin’s Underwriting Practice Boards which are to be established to cover each of Reinsurance, International Property and Casualty, Marine Aviation and Transport, and Domestic Commercial Lines and which will comprise the leading underwriters from each division involved in each practice area.

Corporate Centre Risk led by Group Chief Risk Officer James Illingworth, is to function as an independent second line of defence for the Group with a focus on further implementing and validating Amlin’s internal model as required under Solvency II regulation, as well as identifying and understanding unacceptable levels of risk and prompting management action as necessary. Reserving risk will be reviewed independently of the actuarial function with that function reporting to Richard Hextall to whom, as Group Finance & Operations Director, the Corporate Centre’s Operations function will also report.

Separately, Andreas Luberichs, who since joining Amlin from Chubb in March 2011 has been Head of Group Underwriting, has transferred to the European insurance business, Amlin Corporate Insurance. He takes up the newly created role of Executive President, Non-Marine, joining the ACI Management Team and reporting to Chief Executive, Kim Hvirgel. Andreas will be responsible for the management and future development of Amlin’s non-marine business across Europe and the country managers of Belgium, France and the Netherlands will report directly to him.

Additionally, further to the announcement made on 24 April, Bert Nelen, formerly of the Ace European Group, joined Amlin Corporate Insurance on 1 July as its new Executive President, Marine.

Charles Philipps, Amlin Chief Executive said, “We believe these changes will further enable Amlin to ensure that the qualities for which we are known in our core London market business are replicated across the Group, both in terms of underwriting and client service standards.”

ENDS

Enquiries:	Â	Â
Hannah Bale, Head of Communications, Amlin plc			020 7746 1118

Notes to Editors:

Amlin plc is a leading independent insurance group operating in the Lloyd’s market through Amlin London and additionally in the UK, Continental European and Bermudian markets. We specialise in providing insurance cover to commercial enterprises across a broad range of risks including aviation, marine and international property & casualty. We also provide reinsurance protection to other insurance companies around the world.

A FTSE250 quoted company domiciled in the UK, Amlin’s Syndicate 2001 is highly rated at ‘A+’ (Excellent) by AM Best and ‘A1’ (Stable) by Moody’s.