LONDON Nov 15 Lloyd's of London insurer Amlin
said its sales rose 11 percent in the first 10 months of
2012, helped by an increase in the price of catastrophe
insurance following a surge of claims last year.
Amlin, the biggest of the listed British insurers operating
at Lloyd's, had total premiums of 2.28 billion pounds ($3.61
billion) over the period, with prices rising by an average of
3.8 percent, it said on Thursday.
The insurer added it was "well placed" to absorb claims from
Hurricane Sandy, but did not provide an estimate of how much it
will have to pay out.
Sandy, which struck the north eastern United States last
month, is expected to cost the insurance industry about $20
billion, making it one of the costliest hurricanes on record.
Amlin shares closed at 367 pence on Wednesday, valuing the
company at about 1.8 billion pounds. The stock has risen 17.5
percent so far this year, broadly in line with the FTSE non-life