Amlin Completes Acquisition of Anglo French Und...

Amlin Completes Acquisition of Anglo French Underwriters

Amlin Plc

AMLIN PLC

26 November 2008

AMLIN COMPLETES ACQUISITION OF ANGLO FRENCH UNDERWRITERS

Amlin plc is pleased to announce that, regulatory approvals having been received, the acquisition of Financière Europe Assurances, the holding company of Anglo French Underwriters SAS (“AFU”), has now been completed.

Further details of the transaction were contained in an announcement made on 7 October 2008.

Notes to Editors:

Amlin plc is a recognised leader in the London insurance and reinsurance market, providing a global client base with risk management solutions. Amlin has five business areas: Aviation; Marine; UK commercial; International property and casualty; and reinsurance. A FTSE-250 quoted company, Amlin owns 100% of its £825m Lloyd’s capacity for 2008, which is written through Syndicate 2001. Syndicate 2001 is rated ‘A+’ (Excellent) by AM Best and ‘A1’ (Stable) by Moody’s.

In 2005, the company established Amlin Bermuda Ltd as a reinsurance business capitalised at US$1 billion. In 2007 Amlin Bermuda had net earned premium of £216 million and is now rated A (Excellent) by A.M. Best and A by Standard & Poor’s. Amlin has also set up operations in Singapore and in Illinois, USA, in 2007 and 2008 respectively, to service regional and local clients.

Anglo French Underwriters (AFU), based in Paris, has 39 employees and has been placing business into the Lloyd’s market for over 70 years. The company operates through a network of over 1,300 independent retail brokers throughout France and offers specialty products in areas such as leisure, transport, jewellery and fine art, general and professional liability, property and business interruption, events, individual accident and yachts. In 2007 AFU established a joint venture with Grupo Galilea Puig to expand the business into the Spanish market. In the current financial year AFU expects to handle approximately Euro 40 million of gross written premium.