Re Agreement

Amlin Plc
                  

FOR IMMEDIATE RELEASE

AMLIN PLC

AMLIN ACQUIRES RENEWAL RIGHTS TO THE TRADE CREDIT INSURANCE PORTFOLIO OF ROYAL &
SUNALLIANCE

Amlin plc ('Amlin'), the leading Lloyd's insurer, announces today that its
managed Lloyd's Syndicate 2001, through its service company, Amlin Credit
Limited ('Amlin Credit'), has acquired the renewal rights to approximately £5
million of trade credit insurance currently written by Royal & SunAlliance
Insurance plc ('R&SA') with effect from 1 December 2003. Amlin will not acquire
any net assets nor assume liability for any previous business written by R&SA.

Chris Ventiroso, Managing Director of Amlin Credit, said:

'Amlin Credit, a leading specialist trade credit insurer, is well placed to
service and renew R&SA's existing portfolio of trade credit insurance. This
acquisition reinforces Amlin's commitment to trade credit insurance and
increases its share of the credit insurance market in the UK.'

Enquiries:

Charles Philipps, Chief Executive, Amlin plc Tel: [phone]

David Haggie, Haggie Financial Tel: [phone]

Notes to Editors:

Amlin:

Amlin plc is the largest independent business operating in the Lloyd's market
and focuses its activities on Syndicate 2001, of which it will own 100% of the
capacity from the 2004 year of account.