14th Aug 2008 12:11
Amlin acquires stake in second UK broker Amlin, the leading specialist non-life insurer, announced that it has acquired aminority shareholding in independent UK broker, T L Dallas Group Limited.Through such investments, Amlin aims to develop its existing longstandingbusiness relationships with selected UK retail and wholesale brokers and thusexpand and enhance the product range available to their clients. T L Dallas, founded in 1919, is one of the leading independent commercialinsurance broking groups in the UK and operates from offices in Bradford,London, Manchester and Lerwick. Colin Dallas, Chairman of T L Dallas said, "We have worked with Amlin for manyyears and greatly value their underwriting expertise. We look forward to jointlydeveloping new business lines including SME property and are confident that thiscloser relationship will prove beneficial to our UK retail client base." Charles Philipps, Amlin Chief Executive commented, "Following our recent similarinvestment in Miles Smith, we continue to broaden our UK distribution throughselective partnerships with high quality brokers." Enquiries: \* THannah Bale, Head of Group Communications 0207 746 1118Amlin plc\* T Notes to Editors: Amlin plc is a recognised leader in the London insurance and reinsurance market,providing a global client base with risk management solutions. Amlin specialisesin four business areas: Aviation; Marine; UK commercial; and Internationalproperty and casualty insurance and reinsurance. A FTSE-250 quoted company Amlinowns 100% of its £825m capacity for 2008, which is written through Lloyd'sSyndicate 2001. Amlin's Syndicate is rated 'A+' (Excellent) by AM Best and 'A1'(Stable) by Moody's. In November 2005, the company established Amlin Bermuda, a reinsurance businesscapitalised at US$1 billion and rated A (Excellent) by A.M. Best and A byStandard & Poor's. In November 2007, the company established Amlin Singapore aspart of the Lloyd's Asia platform, to provide regional clients with marineenergy, cargo, property, sabotage and terrorism insurance. In August 2008 thecompany established Amlin Illinois, to provide the local market with property,casualty, auto and marine cargo cover on an admitted basis via the Lloyd'slicence. T L Dallas is an independent UK Commercial Insurance Broker with a brokingpremium income in excess of £60m. Established in 1919, the firm operates as aprofessional partnership of shareholding Directors and provides a full range ofinsurance services to industrial and commercial companies, family firms,professional partnerships and private clients. Specialist business areas include Motor Fleet, Credit Insurance, ProfessionalIndemnity, Financial Services and Risk Management Consultancy. The firm is a leading member of the Unitas Alliance of independent brokers,which provides complete UK-wide coverage of local service for large clients,with links to three global networks for multi-national client programmes. Copyright Business Wire 2008Related Shares:
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