Amlin Expands Latin American Presence With Miami Office
14 March 2015 - 12:00AM
Amlin plc (LON:AML), a London-headquartered, global specialty
insurer and reinsurer with more than a hundred years of
underwriting experience, today officially celebrates the launch of
its Miami office with a champagne reception following the opening
of the platform back in October 2014. The office, located in the
heart of Miami's Brickell district, offers insurance clients across
Latin America strong multi-line underwriting expertise in a range
of specialty lines treaties including property, catastrophe,
liability, motor, engineering, surety, political risk and marine
& aviation. "Miami is a very important reinsurance hub for the
Latin America market and an office here allows us to build on
Amlin's excellent reinsurance franchise as well as enhance our
ability to deliver Amlin's high standards of service to clients and
brokers in the region," said Tom Clementi, Head of Operations of
Amlin's Miami office. "Amlin has done business in Latin America for
many years out of our London and Bermuda offices and with a local
team here, led by Louis de Segonzac, we are now well positioned to
grow and diversify that business and take it to the next level."
Reinsurance is a critical element for economic and
infrastructure growth in Latin America as it provides a broad
safety net for much of the world's commercial insurance coverage.
Much like banking and other industries, reinsurance has become
popular in Miami because the city serves as a stable marketplace to
access countries with political instability or less developed
regulatory environments. As an attractive place to work it also
offers an increasingly attractive talent pool for professionals in
the reinsurance industry.
Louis de Segonzac, Head of Reinsurance at Amlin in Miami,
stated: "As an international carrier with a Miami office, Amlin has
an informed perspective on Miami's reinsurance market, why it
offers good prospects for growth, and what can be expected in the
years ahead. With treaty placements trending away from London, now
is the ideal time to invest in Miami as we diversify and build on
our existing reinsurance business in Latin America."
Amlin underwrites more than 30 classes of business through three
underwriting platforms: Syndicate 2001 at Lloyd's, Amlin AG in
Switzerland and Amlin Europe in the Netherlands, and is a
constituent of the FTSE 250 index on the London Stock Exchange.
A launch event for Amlin's new office will be held on the
evening of Friday, March 13, ahead of the 2015 FIA Formula E Miami
ePrix on Saturday, March 14. Amlin is the team sponsor of Amlin
Aguri racing, one of 10 teams competing in the inaugural
all-electric racing series.
About Amlin
Amlin (LON:AML) is a global specialty insurer and reinsurer with
more than 100 years of experience in the insurance markets. The
company's strong foundation and superior financial strength
demonstrate that it's here for the long-term. Amlin's track record
is built on a proven strategy; encouraging its teams to apply the
firm's successful underwriting formula, incorporating a dynamic
approach to risk, while developing a geographically diverse global
portfolio. Amlin underwrites more than 30 classes of business
through three underwriting platforms: Syndicate 2001 at Lloyd's,
Amlin AG in Switzerland and Amlin Europe in the Netherlands. Amlin
plc and its underwriting subsidiaries are highly rated for their
financial strength. Amlin reported full-year gross written premiums
of £2.56 billion ($3.85 billion) in 2014, a combined ratio of 89%
and net profit of £236.5 million ($355.4 million).
CONTACT: Media Contact:
Marisha Chinsky
Makovsky
mchinsky@makovsky.com
+1 212 508-9654
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