1st Aug 2008 07:00
AMLIN PLC \* TPRESS RELEASEFor immediate release1 August 2008\* T Amlin acquires renewal rights to HCC Fleet business Amlin plc ("Amlin") announces that Syndicate 2001 has acquired for cash, therenewal rights to approximately £20 million of general commercial motor fleetinsurance from HCC Underwriting Agency Limited, which will be integrated intoAmlin Insurance Services, the UK Commercial Division of the Amlin Group. Noother assets or liabilities have been acquired through the purchase. Brian Carpenter, Divisional Underwriter of UK Commercial said: "This acquisitionfits well with our strategy to develop our UK book and further demonstrates ourcommitment to support our London Market brokers." Enquires: \* THannah Bale 020 7746 1118Group Communications, Amlin plc\* T Notes to Editors: Amlin - UK Commercial Amlin is a UK leader in fleet motor business, underwriting a wide range ofcommercial motor fleet classes in the UK including coach, haulage, commercialvehicle, private car fleet, private/public hire and self drive hire via theSummit brand. As a statutory class of business our policy provides unlimitedcover for Third Party injury liability with high limits for Third Party propertydamage dependent on the type of vehicle. Our Motor, Liability and Commercial Combined accounts are written 100%, while welead a high proportion of our Professional Indemnity account. We write businessthrough a variety of distribution channels supporting both retail and wholesalebroker distribution. Amlin plc is a recognised leader in the London insurance and reinsurance market,providing a global client base with risk management solutions. Amlin specialisesin five business areas: Aviation; Marine; UK commercial; International Propertyand Casualty and Reinsurance. A FTSE-250 quoted company Amlin owns 100% of its £825m capacity for 2008, whichis written through Lloyd's Syndicate 2001. Amlin's Syndicate is rated 'A+'(Excellent) by AM Best and 'A1' (Stable) by Moody's. HCC Underwriting Agency Ltd (HCCUA) is a Lloyd's managing agency, authorised andregulated by the Financial Services Authority (Reg No 228121). HCCUA is memberof HCC Insurance Holdings, Inc. (NYSE symbol: HCC) group. Headquartered inHouston, Texas, HCC Insurance Holdings, Inc. (HCC) is a leading internationalspecialty insurance group with offices across the United States and in Belgium,Bermuda, Ireland, Spain and the United Kingdom. HCC has assets of nearly $8.2billion, shareholders' equity in excess of $2.5 billion and is rated AA (VeryStrong) by Standard & Poor's and AA (Very Strong) by Fitch Ratings. In addition,HCC's domestic property and casualty insurance companies are rated A+ (Superior)by A.M. Best Company. Copyright Business Wire 2008Related Shares:
Aston Martin Lagonda