Amlin has increased its underwriting capacity by £100m this year. Finance director Richard Hextall said the 28% increase was a result of organic growth within the company, which has increased the share of its Lloyd's Syndicate 2001 from 58% to 70%.
The Lloyd's insurer has secured a £50m credit facility from Lloyds TSB and Natwest.
“One way of gearing up as the market hardens is through a letter of credit,”Hextall said. “This was a couple of months' work.”
He said Amlin would continue to write the same class of business but was planning to increase its capacity even further in 2001.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
