May 2010

Amlin announces intention to establish a reinsurance company in Zürich

Amlin plc announces its intention to establish a reinsurance company in Zürich to provide European reinsurance buyers with its security and service delivery. Amlin says it will provide the European insurance market with a meaningful alternative for high quality reinsurance capacity especially for small and mid-sized companies.

Amlin AG’s Zürich-based underwriting unit «Amlin Re Europe» will be staffed by a core team headed by Philippe Regazzoni who will become Chief Executive Officer of Amlin AG. The Zurich-based team plans to build to 25 people by the end of 2010 and to cover the reinsurance markets in Austria, Belgium, France, Germany, Italy, Luxembourg, Maghreb, Netherlands, Nordics, Portugal, Spain and the UK. Other European markets will be added in 2011.

Zürich, a major financial centre and home to many global financial and (re)insurance companies, will be an ideal location for the further growth and expansion of the group’s reinsurance activities. According to Amlin, it will also provide them with strategic flexibility, a strong professional workforce, a solid legal and regulatory environment and an improved ability to manage their capital.

www.amlin.com

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