MS AMLIN UNDERWRITING LIMITED

1. MS AMLIN UNDERWRITING LIMITED 2016-04-29 → present
2. AMLIN UNDERWRITING LIMITED 1998-09-29 → 2016-04-29
3. MURRAY LAWRENCE & PARTNERS LIMITED 1989-03-06 → 1998-09-29
4. TASKHAWK LIMITED 1988-11-29 → 1989-03-06

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future given the Company's net asset position and surplus in excess of Lloyd's solvency requirements at year end. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. MS AMLIN UNDERWRITING LIMITED · parent
   1. Amlin UK Limited · United Kingdom · ceased trading in 2022 and is currently running down operations
   2. MS Amlin (India) Private Limited · India · ceased trading in 2019 and is currently running down operations prior to liquidation

Significant events

• “During 2024 and to the date this report was authorised, there have been a number of significant events impacting the Company and the Syndicate.”
• “The managed Syndicate reported a profit for the financial year of £212.1 million (2023: £256.8 million profit) which includes an underwriting profit of £210.8m (2023: £240.8 million profit).”
• “2024 and 2023 performance includes the impact of the discontinued business which was subject to the Reinsurance to Close ('RITC') and 100% quota share transactions executed with Riverstone in 2023 and prior. These were finalised in 2024 via a true up process.”
• “The Syndicate was exposed to four major catastrophe events in 2024, including two Atlantic hurricanes, as well as the Baltimore bridge collapse.”
• “During 2024, a cost sharing agreement was implemented between MS Amlin Underwriting Limited ('MS AUL') and MS Amlin Corporate Member Limited ('MS ACM'). This agreement involved recharging 50% of the 2024 long-term and short-term incentive plans, a variable compensation arrangement set up for the employees.”
• “In September 2024, MS ACS decided to establish an EBT separate to the one operated by the Company, which was completed on 10 February 2025. As a result, assets matching the full related payable balance with MS ACS of £5.3 million were transferred to the MS ACS EBT on 11 March 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.3%

  £16,000,000 → £16,046,000

• Cash

  +45%

  £625,000 → £906,000

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -28%

  -£8,710,000 → -£11,153,000

• Profit before tax

  +230.6%

  -£3,403,000 → £4,444,000

• Wages

  +2%

  £22,818,000 → £23,275,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers