Brought to you by:

Amlin grows GWP amid ‘challenging environment’

Lloyd’s insurer and reinsurer Amlin has reported gross written premium (GWP) of £2.29 billion ($4.11 billion) for the first nine months, up 4.2% on the corresponding period last year despite an “ongoing challenging trading environment”.

There were no major catastrophes in the third quarter, with the most significant loss being terrorist attacks at Tripoli Airport, which totalled £33.4 million ($59.93 million).

The company has increased its interest in Leadenhall Capital Partners, which provides management solutions in the insurance-linked securities market, from 40% to 75%.

Amlin says it is one of only a few (re)insurers to have an aligned business in this area, giving it a “valuable strategic advantage”.

CEO Charles Philipps says the company has made good progress “against a backdrop of intensifying competition as a result of increasing industry capital”.