Amiln acquisition opens up more opportunities to develop additional SME business
Amlin has acquired Allied Cedar Insurance Group, the holding company of Allied Underwriting Agencies and Cedar Insurance Company.
Allied Cedar had gross assets of £5.2m as at 31 December 2006.
“This acquisition increases our UK property account in line with our strategic plan and gives us an opportunity to develop additional SME business
Brian Carpenter, Amlin plc board member and divisional underwriter of the UK commercial division
The businesses will be integrated into Amlin Insurance Services, the UK commercial division of the Amlin group.
Brian Carpenter, Amlin plc board member and divisional underwriter of the UK commercial division said: “This acquisition increases our UK property account in line with our strategic plan and gives us an opportunity to develop additional SME business, as well as accessing new distribution channels.”
