Lloyds of London Insurer Amlin to be taken over by Mitsui Sumitomo

by | Sep 29, 2015 | Seradata News, Space Insurance | 0 comments

On 8 September 2015, Lloyds of London specialist insurer Amlin, which operates in several specialist insurance classes including Aviation and Space, has succumbed to a bid by the Japanese insurance giant Mitsui Sumitomo to take over its business.  The bid, which was reported to be worth £3.5 billion (US$5.3 billion), has been recommended for acceptance by the Amlin board.  The price offered per share represented a 34p premium over its closing price of 670p before the bid was announced.

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