Acquisition

Acquisition

Amlin Plc

Completion of acquisition of Lead Yacht Underwriters

Further to the announcement dated 28 January 2011 in connection with the proposed acquisition of Lead Yacht Underwriters Limited (“Lead Yacht”) by a wholly owned subsidiary of Amlin plc (“Amlin”), Amlin is pleased to announce that, following the receipt of approval of the change of control from the Financial Services Authority, the acquisition of Lead Yacht was completed today.

ENDS

Enquiries:    
Hannah Bale, Head of Communications, Amlin plc 020 7746 1118

Notes to Editors:

Amlin plc is a leading independent insurance group operating in the Lloyd’s market through Amlin London and additionally in the UK, Continental European and Bermudian markets. We specialise in providing insurance cover to commercial enterprises across a broad range of risks including aviation, marine and international property & casualty. We also provide reinsurance protection to other insurance companies around the world.

A FTSE 250 quoted company domiciled in the UK, Amlin’s Syndicate 2001 is highly rated at ‘A+’ (Excellent) by AM Best and ‘A1’ (Stable) by Moody’s.

Lead Yacht was established in 1997 and is a recognised international leader in the super-yacht insurance sector with strong brand recognition and established credentials in underwriting and client service. Lead Yacht has strong relationships with a wide range of producing brokers and uses individually tailored insurance solutions to meet the needs of its client base.

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