Non-executive director Tony Holt has bought more than £2m worth of shares in insurance underwriter Amlin.
Holt bought 500,000 shares at 411.75p each, which takes his shareholding to 759,102 shares.
Holt joined Amlin in 1980 and was appointed to the board in 2000. He was group underwriting director between 1999 and his retirement at the end of 2008. Holt became a non-executive director at the beginning of 2009.
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On Tuesday, Amlin chief executive Charles Philipps exercised 114,050 options at 161.77p a share and sold 95,506 shares at 407.01p each. He retains a shareholding of 588,033 shares.
The share dealing follows the release of Amlin's 2009 figures on Monday. Pre-tax profits increased from £121.6m to £509m on premium income up 49% to £1.54bn. The total dividend was increased from 17p a share to 20p a share. The final dividend is 13.5p a share and Holt will be entitled to this on the shares he has just purchased.
These figures exceeded forecasts, in part due to a reserve release of £174.1m (£114.7m).
KBC Peel Hunt describes Amlin as "the class act of the sector". "Amlin rightly trades at a premium to the Sector", it adds.
Top Director Buys
Amlin (AML) Director name: Mr A W HoltAmount purchased: 500,000 @ 411.75p Value: £2,058,750
New Europe Property Investments (NEPI) Director name: Mr Desmond de BeerAmount purchased: 125,000 @ € 2.56 Value: € 320,000
GlobeOp Financial Services (GO.) Director name: Mr Edward AnnunziatoAmount purchased: 44,452 @ 220.40p Value: £97,972
Record (REC) Director name: Mr Paul SheriffAmount purchased: 138,103 @ 66.00p Value: £91,148
W H Ireland (WHI) Director name: Mr Richard FordAmount purchased: 73,000 @ 38.50p Value: £28,105
Aviva (AV.) Director name: Mr Michael Hawker Amount purchased: 5,000 @ 381.34p Value: £19,067
Top Director Sells
Xstrata (XTA) Director name: Mr Michael DavisAmount sold: 230,110 @ 1,066.00p Value: £2,452,973
Xstrata (XTA) Director name: Mr Trevor ReidAmount sold: 115,055 @ 1,066.00p Value: £1,226,486
Pearson (PSON) Director name: Ms Marjorie ScardinoAmount sold: 113,703 @ 950.04p Value: £1,080,224
Burberry Group (BRBY) Director name: Ms Angela AhrendtsAmount sold: 115,139 @ 635.02p Value: £731,156
Pearson (PSON) Director name: Ms Marjorie ScardinoAmount sold: 72,279 @ 950.04p Value: £686,679
Pearson (PSON) Director name: Mr Will EthridgeAmount sold: 47,106 @ 950.04p Value: £447,526
Burberry Group (BRBY) Director name: Ms Stacey CartwrightAmount sold: 52,809 @ 635.02p Value: £335,348
Pearson (PSON) Director name: Ms Rona A FairheadAmount sold: 34,686 @ 950.04p Value: £329,531
Pearson (PSON) Director name: Mr Robin FreestoneAmount sold: 34,686 @ 950.04p Value: £329,531
Pearson (PSON) Director name: Ms Rona A FairheadAmount sold: 31,300 @ 950.04p Value: £297,363
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