The origins of Amlin date back to the early twentieth century with the formation of syndicates in Lloyd's such as Coles and Harvey Bowring. These syndicates have traded successfully over many decades building excellent reputations in the marine and US property insurance markets respectively. For many years they were part of the C T Bowring Group which was acquired by Marsh in 1980. Following the Lloyd's Act of 1982, insurance brokers were forced to divest their Lloyd's managing agencies. These businesses are now part of Amlin's Syndicate 2001 at Lloyd's. Few in the world of insurance can claim such continuity over many decades of change.

Today Amlin is one of the leading insurance underwriting businesses in the London insurance market and has recently expanded into the Bermudian reinsurance market. It has grown its premium income to almost £1 billion in 2005 and over recent years has extended and strengthened its position in key markets. Equity capital at 31 December 2005 was £792.6 million.



Amlin is organised into five operating businesses with Group functions supporting them where economies of scale and synergies are possible. Four of the businesses operate in Lloyd's as part
of Syndicate 2001, each covering a different major class of business. The fifth is Amlin Bermuda. Strategy and underwriting philosophy are common across all businesses so that Amlin optimises its allocation of capital according to the relative strengths of each market.

Our UK commercial business is based in Chelmsford and writes risks mainly on a standalone basis. The other Syndicate 2001 businesses operate in the London subscription market writing a share of their selected risks. Amlin Bermuda also participates on risks which are underwritten in the subscription market.

In Lloyd's we have occupied the number one position measured by owned capacity for the last
three years and enjoy leading market positions in each of our chosen areas.