LLoyd's giant buys renewal rights to £20m commercial vehicle business

Amlin has acquired the renewal rights to HCC Underwriting Agency's fleet business.

Amlin's syndicate 2001 has acquired for cash the renewal rights to approximately £20 million of general commercial motor fleet insurance.

The sale price was not disclosed.

The business will be integrated into Amlin Insurance Services, the UK commercial division of the Amlin Group.

The company said no other assets or liabilities had been acquired through the purchase.

Brian Carpenter, divisional underwriter of UK Commercial said: 'This acquisition fits well with our strategy to develop our UK book and further demonstrates our commitment to support our London Market brokers.'