Amlin manoeuvred itself into poll position in Lloyd's into 2004, consolidating its stance as the leading syndicate in the London market.

Despite taking a £74m hit from the 2004 hurricane season the company announced profit before tax of £121.6m, up from £120.3m a year earlier.

Combined ratio broke records at 82% down from 83% in 2003 and dividend payouts per share increased 220% to 8.0p.

Amlin chairman Roger Taylor said the company would be looking to extend its leadership position in 2005.

“With the increased momentum for change in the insurance markets, as Lloyd's, the FSA and others seek to enforce higher standards of efficiency, service and transparency, there is a huge scope for strong and well organised businesses to extend their leadership position,” said Taylor.

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