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Informa Insurance News 24

AMLIN BUYS J R CLARE UNDERWRITING AGENCIES LTD

Amlin Corporate Services, a unit of UK-based insurer Amlin, has bought managing general agent J R Clare Underwriting Agencies Ltd (JCUA) from Mr John Clare. JCUA sources about £30m ($47m) of UK household and commercial premium income. Amlin UK will underwrite 100% of JCUA's business from now on. Amlin observed that JCUA "had been successfully sourcing business for London Market underwriters since 1999". However "it has recently lacked sufficient capital to continue to fund its operations and satisfy the FSA's solvency requirements".

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