Amlin chairman retires after £194m loss
Amlin has posted a pre-tax loss of £193.8m (2010: profit of £259.2m) and announced that Roger Taylor is to retire as chairman following the 2012 AGM. Richard Davey will succeed him.
Amlin recorded net catastrophe losses of £500.8m when it expected £170m. Its combined ratio was 108% (2010: 89%), with 27 points generated by major catastrophe losses.
Investment return plummeted to
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