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.
Utilize the input text as a context reference, choose the right relationship between 'Amlin' and 'insurance' from the options.
Options: operator, distribution format, industry, distributed by