Acquisition of Stake in Second UK Broker
Amlin Plc
Amlin acquires stake in second UK broker
Amlin, the leading specialist non-life insurer, announced that it has acquired a
minority shareholding in independent UK broker, T L Dallas Group Limited.
Through such investments, Amlin aims to develop its existing longstanding
business relationships with selected UK retail and wholesale brokers and thus
expand and enhance the product range available to their clients.
T L Dallas, founded in 1919, is one of the leading independent commercial
insurance broking groups in the UK and operates from offices in Bradford,
London, Manchester and Lerwick.
Colin Dallas, Chairman of T L Dallas said, 'We have worked with Amlin for many
years and greatly value their underwriting expertise. We look forward to jointly
developing new business lines including SME property and are confident that this
closer relationship will prove beneficial to our UK retail client base.'
Charles Philipps, Amlin Chief Executive commented, 'Following our recent similar
investment in Miles Smith, we continue to broaden our UK distribution through
selective partnerships with high quality brokers.'
Enquiries:
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Hannah Bale, Head of Group Communications 0207 746 1118
Amlin plc
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Notes to Editors:
Amlin plc is a recognised leader in the London insurance and reinsurance market,
providing a global client base with risk management solutions. Amlin specialises
in four business areas: Aviation; Marine; UK commercial; and International
property and casualty insurance and reinsurance. A FTSE-250 quoted company Amlin
owns 100% of its £825m capacity for 2008, which is written through Lloyd's
Syndicate 2001. Amlin's Syndicate is rated 'A+' (Excellent) by AM Best and 'A1'
(Stable) by Moody's.
In November 2005, the company established Amlin Bermuda, a reinsurance business
capitalised at US$1 billion and rated A (Excellent) by A.M. Best and A by
Standard & Poor's. In November 2007, the company established Amlin Singapore as
part of the Lloyd's Asia platform, to provide regional clients with marine
energy, cargo, property, sabotage and terrorism insurance. In August 2008 the
company established Amlin Illinois, to provide the local market with property,
casualty, auto and marine cargo cover on an admitted basis via the Lloyd's
licence.
T L Dallas is an independent UK Commercial Insurance Broker with a broking
premium income in excess of £60m. Established in 1919, the firm operates as a
professional partnership of shareholding Directors and provides a full range of
insurance services to industrial and commercial companies, family firms,
professional partnerships and private clients.
Specialist business areas include Motor Fleet, Credit Insurance, Professional
Indemnity, Financial Services and Risk Management Consultancy.
The firm is a leading member of the Unitas Alliance of independent brokers,
which provides complete UK-wide coverage of local service for large clients,
with links to three global networks for multi-national client programmes.
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