11th Jan 2011 14:51
Amlin plc
REVISED ESTIMATE OF LOSSES FROM NEW ZEALAND EARTHQUAKE
Amlin plc, the specialist international insurer, has raised its estimate of claims arising from the New Zealand earthquake of 4 September 2010. The revised estimate is principally driven by the increase of the range of insured loss estimates for the event in respect of a major client. Amlin's current estimate, based on client estimates at the top of the range, is therefore increased to US$160 million, an increase of US$85 million on the initial estimate of US$75 million. At current rates of exchange this is an increase of £55 million pre-tax.
| Enquiries: | |||
| Charles Philipps, Chief Executive, Amlin plc | 0207 746 1000 | ||
| Richard Hextall, Finance Director, Amlin plc | 0207 746 1000 | ||
| Analysts and Investors | |||
| Julianne Jessup, Head of Investor Relations, Amlin plc | 0207 746 1961 | ||
| Media | |||
| Hannah Bale, Head of Communications, Amlin plc | 0207 746 1118 | ||
| Edward Berry, Financial Dynamics | 0207 269 7297 |
Copyright Business Wire 2011
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