World Insurance Report
Amlin reports profit
Lloyd’s insurer
Amlin has posted a pre-tax profit of $18.3mn (US$27.7mn). The figure for 1999 was an increase on the £18mn recorded for the seven
months to the end of 1998. Operating profit for continuing operations in 1999 was £7.2mn compared with a loss of £3.1mn for
the previous seven months period. The company was reporting on an annual basis for the first time.