22nd Oct 2008 09:47
Amlin plc ("Amlin") Board composition update Executive retirement The Board of Amlin announces that Tony Holt, an executive Director who is GroupUnderwriting Director, will retire from executive responsibilities on 31December 2008. Following his retirement, he will be re-appointed to the Board asa non-independent non-executive Director. Mr Holt has been working part time since 1 June 2008, following his recoveryfrom medical treatment earlier in the year, and it has previously been announcedthat many of his day-to-day responsibilities have been re-assigned tocolleagues. Board Committee changes The Board also announces that on 1 November 2008, Ramanam Mylvaganam will bere-classified as a non-independent non-executive Director, on grounds of hislength of service, and will step down as Chairman of the Remuneration Committeeand as a member of the Audit and Nomination Committees. Sir Mark Wrightson, Bt, an independent non-executive Director, who is presentlya member of the Remuneration Committee, has been appointed Chairman of theRemuneration Committee with effect from 1 November 2008. From the same day hehas also been appointed as a member of the Nomination Committee. Balance of the Board Following these changes, the Board will comprise five independent Directors,five non-independents (including the executive Directors) and the Chairman. Enquiries: \* T Hannah Bale 020 7746 1118Head of Communications, Amlin plc 07950 750125Fiona Gibson 020 7417 8989Haggie Financial Limited\* T 22 October 2008 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 has fivebusiness areas: Aviation; Marine; UK commercial; International property andcasualty; and reinsurance. A FTSE-250 quoted company Amlin owns 100% of its£825m Lloyd's capacity for 2008, which is written through Syndicate 2001.Syndicate 2001 is rated 'A+' (Excellent) by AM Best and 'A1' (Stable) byMoody's. In 2005, the company established Amlin Bermuda Ltd as a reinsurance businesscapitalised at US$1 billion. In 2007 Amlin Bermuda had net earned premium ofUS$216 million and is now rated A (Excellent) by A.M. Best and A by Standard &Poor's. Amlin has also set up operations in Singapore and in Illinois, USA, in2007 and 2008 respectively, to service regional and local clients. Biographical details of all the Directors of Amlin plc are published on theCompany's website at www.amlin.com Copyright Business Wire 2008Related Shares:
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