Amlin Increases Stake in Leadenhall Capital Partners
October 24, 2014 10:21 am
Insurer Amlin (AML.L) has confirmed today that its previously announced deal to lift its stake in Leadenhall Capital Partners has been completed.
Amlin will now own 75% of LCP the joint venture it setup in 2008, up from 40%. The deal will be done via a part aquisition of individual partners stakes.
Amlin ‘s chief executive Charles Philips commenting said “I am pleased that we have further strengthened our relationship with Leadenhall Capital Partner. As alternative capital plays a greater role in (re)insurance markets, I expect Amlin’s increased interest in LCP to be a valuable strategic advantage to both businesses,”
Amlin (AML.L) is trading slightly higher this morning, up 2.2p (0.5%) at 445.30p.
Insurer Amlin (AML.L) has confirmed today that its previously announced deal to lift its stake in Leadenhall Capital Partners has been completed.
Amlin will now own 75% of LCP the joint venture it setup in 2008, up from 40%. The deal will be done via a part aquisition of individual partners stakes.
Amlin ‘s chief executive Charles Philips commenting said “I am pleased that we have further strengthened our relationship with Leadenhall Capital Partner. As alternative capital plays a greater role in (re)insurance markets, I expect Amlin’s increased interest in LCP to be a valuable strategic advantage to both businesses,”
Amlin (AML.L) is trading slightly higher this morning, up 2.2p (0.5%) at 445.30p.