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.
Refer to the input text as context and select the correct relationship between 'Amlin' and 'insurance' from the available options.
Options: industry, operator, distributed by, distribution format