MS&AD, which runs property and life insurance businesses at home and abroad, said it would pay 670 pence per share to buy all of Amlin (LSE: AML.L - news ) , representing a 36 percent premium over Monday's closing share price.
Take context from the input text and decide on the accurate relationship between 'Amlin' and 'insurance' from the options provided.
Options: distribution format, operator, industry, distributed by