First London market insurer becomes chartered
Amlin Underwriting Limited has become the first London market insurer to achieve the gold standard of Corporate Chartered Insurer status.
Chartered status, which is granted by the Privy Council, was granted to the insurer earlier this year by the Chartered Insurance Institute (CII).
Chartered Insurer Status gives the insurance industry parity with many of the other professions such as bankers, accountants and actuaries.
In order to be given chartered status, the CII requires applicant companies to provide evidence of their delivery of skills and knowledge training, performance management, values and commitment to ongoing professional development.
David Harris, Managing Director of Amlin Underwriting said: “We believe this award will send a powerful message to our brokers and clients that they should expect high standards of professionalism when working with Amlin. This should also serve as a differentiator from our peers and help us continue to attract talented professionals to the Group.”
Dr. Sandy Scott, Director General of the CII commented: “We are pleased that Amlin Underwriting has made this powerful commitment to raising professional standards within the company. A large number of London market insurers have signed the Aldermanbury Declaration and we hope they too will invest the necessary effort in helping align insurance with other professions in the financial services sector.”
