German Office Launch

RNS Number : 9751X

Amlin PLC

20 January 2014

 



Amlin plc

Amlin Europe enters German insurance market

20 January 2014

Amlin Europe has received permission from DNB and BaFin, the Dutch and German regulatory authorities, respectively, to open a branch office and offer insurance products in Germany from 1^st January, 2014. Amlin Europe has appointed Mr. Martin Bircks to lead its new operation in Germany, effective on 1^st February, 2014, as Managing Director (Hauptbevollmächtigter).

Operating from Hamburg as a branch of Amlin Europe N.V., the company will focus on building a portfolio of specialised commercial SME Property and Casualty business, offering niche products. Expanding Amlin Europe's non-marine business into Germany is part of Amlin's long-term strategy to profitably grow its Continental European insurance business.

Prior to joining Amlin Europe, Mr. Bircks worked for Zurich Insurance Group where he was Head of Liability, Casualty and Legal Protection, Head of Product Management Commercial Lines and, from 2010, Head of Marketing Unit Management Broker General Insurance.

Mr. Bircks studied Business Administration at the University of Applied Sciences in Dortmund before joining HDI-Gerling Insurance in 1994. He brings to Amlin Europe an extensive network of contacts in the German market, two decades of experience in the relevant market segments and prior experience in setting up a new insurance operation. Mr. Bircks's appointment is subject to the approval of the DNB.

Kim Hvirgel, CEO of Amlin Europe commented: "We have chosen Germany as our fourth home insurance market, after the Netherlands, Belgium and France, because of its specific characteristics. Germany is the third largest insurance market in the world and its distribution, co-insurance and product set-up are in line with Amlin Europe's existing business model. Hamburg is an important business hub and one of the main centres of insurance in Germany."

Charles Philipps, CEO of Amlin plc said: "Amlin Europe has a well-established position in the Benelux and French markets with a strong client proposition. I am confident we will be able to develop a similar position over time in the German market."

Ends

Enquiries:
Julianne Jessup, Head of Investor & Media Relations, Amlin plc	0207 746 1961
Ed Berry, FTI Consulting	0207 269 7297

Note to Editors:

Amlin Europe provides specialist risk management and insurance solutions for large and medium-sized companies, primarily in the Benelux and French region. With about 500 employees and offices in Amstelveen, Rotterdam, Brussels, Antwerp, Paris and Lyon, Amlin Europe works together with specialist brokers and is a member of the International Network of Insurance.

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 specialize 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+' (Superior) by AM Best and 'A2' (Stable) by Moody's. Amlin Europe is rated at 'A+' (Stable) by Fitch and 'A-' (Stable) by Standard & Poor's.

 

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