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Share Name | Share Symbol | Market | Type |
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Amli Resident Prp Tr | NYSE:AML | NYSE | Ordinary Share |
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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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