Amlin corporate chief to depart

Amlin's Patrick Coene is to stand down as chief executive of its wholly owned subsidiary Amlin Corporate Insurance and will leave the insurer on 30 June 2011.

Lloyd's insurer Amlin said the search for Coene's successor "is well underway".

Amlin chief executive Charles Philipps said: "Patrick has been at the helm of ACI through a challenging period which commenced with its nationalisation by the Dutch State.

"Since our acquisition of ACI in mid-2009 he has worked closely with Amlin's management to stabilise the company and introduce a number of important changes which position the company well for the future.

"We thank Patrick for his hard work and wish him well."