Class of 2005 reinsurer Amlin Bermuda Ltd. wrote $250 million of new premium income in 2006, in its first full calendar year of business.

And the company has made a strong start to 2007, having already written $87 million of gross written premiums — up 58 percent on this time last year. January 1 marks an important renewals deadline for the reinsurance industry.

Since opening for business in December 2005, with $1 billion in capital, the company, which boasts an A- (excellent) financial strength rating from A.M. Best, has made rapid progress.

Its results have helped its parent company Amlin PLC, a Lloyd’s insurer and reinsurer, to achieve a 19 percent rise in gross written premiums last year.

Amlin PLC announced yesterday that its gross written premiums totalled $882 million last year, of which its flagship Lloyd’s Syndicate 2001 contributed $783 million, up from $744 million in 2005.

Amlin PLC has already written $254 million in premiums in 2007 — up 12 percent on last year.

“2006 was an excellent year for Amlin with strong premium growth into a benign claims environment,” Charles Phillips, Amlin’s chief executive officer, said.

“2007 has begun well and we are pleased with the Group’s underwriting position through the important January 1 renewal season.”