Amlin plc , a leading Lloyd's insurer, has announced today that its managed Lloyd's Syndicate 2001, through its service company, Amlin Credit Limited , has acquired the renewal rights to approximately Ј5 million of trade credit insurance currently written by Royal & SunAlliance Insurance plc (R&SA) with effect from 1 December 2003. Amlin will not acquire any net assets nor assume liability for any previous business written by R&SA.
Chris Ventiroso, managing director of Amlin Credit, said: "Amlin Credit, a leading specialist trade credit insurer, is well placed to service and renew R&SA's existing portfolio of trade credit insurance. This acquisition reinforces Amlin's commitment to trade credit insurance and increases its share of the credit insurance market in the UK."
Source: Business Wire
