Amlin awarded stable outlook by ratings agency

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Fitch said that the strength of Amlin's capitalisation underpinned the group's ratings.

The agency added that it viewed the key short-term risk for Amlin's capital position as being a level of catastrophe-related loss in 2012 in excess of the historical norm.

Natural catastrophe losses in 2011 led Amlin to report a combined ratio of 108% (2010: 89%), and Fitch said these results fell short of its expectations but that it anticipated a recovery of earnings through 2012.

"Fitch considers that the

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