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Reinsurer Amlin moves Bermuda unit to Switzerland

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ZURICH—Amlin P.L.C. has completed the redomestication of its subsidiary Amlin Bermuda Ltd. to Switzerland from Bermuda and renamed the company Amlin A.G., the reinsurer said Thursday.

With approval from regulators in Bermuda and Switzerland, Amlin’s Bermuda operations, now trading as Amlin Bermuda, are a branch of the Zurich-based company that has about $1.4 billion in capitalization. The Swiss underwriting operation is trading as Amlin Re Europe.

London-based Amlin P.L.C. said it remains committed to Bermuda and its operations there will maintain the same levels of service.