What is Syndicate 2001?
Syndicate 2001 is one of 75 underwriting syndicates which are currently operating at Lloyd’s. It is managed by Amlin’s wholly owned managing agency, Amlin Underwriting Limited, and Amlin has been the sole member of the Syndicate since the commencement of the 2004 Lloyd’s year of account. Syndicate 2001 has a 2008 “capacity” of £825 million, which makes it one of the largest businesses in Lloyd’s. Capacity is the amount of premium income which the syndicate is permitted to write in an underwriting year based on the capital which Amlin has placed in support of the syndicate. Premium income for this purpose is expressed net of brokerage. In addition, we write reinsurance business through Amlin Bermuda. Capitalised at US$1 billion, Amlin Bermuda is focused on expanding Amlin’s high quality reinsurance account.
