Divisional performance
The following commentary is provided for the Syndicate business across all years of account irrespective of the identity of the underlying capital support. This removes any distortion in performance which is attributable to changing levels of ownership of Syndicate 2001.
Amlin Bermuda
Amlin Bermuda, which commenced trading on 1 December 2005, underwrote US$5.5 million of income on risks which incepted in 2005. This premium will largely be earned in 2006.
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