Amlin to open Bermuda doors in New Year
Lloyd's insurer Amlin has announced the formation of the much touted Amlin Bermuda, a new wholly-owned US$1 billion reinsurance company and £224 million fully underwritten Rights Issue. Amlin Bermuda• Formation of a new wholly-owned reinsurance company in Bermuda, Amlin Bermuda, with initial capitalisation of US$1 billion
The company will present to analysts this morning, but gave the following details in a statement:Amlin Bermuda is to focus on underwriting regional US and international catastrophe reinsuranceOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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