LONDON, MARCH 5 - British insurer Amlin
Amlin, the biggest insurer operating in the Lloyd's of London
Amlin Chief Executive Charles Philips said the insurer should return to a good level of profitability in 2012, helped by rising prices in some parts of the insurance market.
In 2011, insurers were hit by $108 billion in claims following a spate of catastrophes including Japan's Tohoku earthquake, making it the second-cosliest natural disaster year on record, according to reinsurer Swiss Re
Amlin shares closed at 351.5 pence on Friday, valuing the company at about 1.75 billion pounds. ($1 = 0.6307 British pounds)
(Reporting by Myles Neligan; Editing by Hans-Juergen Peters)