Amlin Bermuda Ltd S&P Rating

Amlin PLC 22 December 2005 AMLIN PLC PRESS RELEASE For immediate release 22 December 2005 AMLIN BERMUDA LIMITED ACHIEVES 'A' RATING FROM S&P Amlin plc ('Amlin') today confirmed that its new Bermuda reinsurance operation has been assigned 'A' counterparty credit and insurer financial strength ratings (IFRS) by Standard & Poor's, both with a stable outlook. The rating rationale noted Amlin's 'strong and improving competitive position, its track record of strong earnings and its superior operational management' in explaining that the ratings criteria S&P 'would ordinarily apply to a start-up is not relevant in this case.' The rating agency also assigned its interactive Lloyd's Syndicate Assessment of '4' to Amlin Syndicate 2001, also with a stable outlook. Major assessment factors included the Syndicate's 'strong competitive position as the largest, and one of the most highly respected, at Lloyd's' and the fact that it has ' consistently outperformed the Market in each of the five most recent years of account.' Richard Hextall, Finance Director, commented; 'We are pleased that Standard & Poor's have considered the overall strength of the Amlin Group in reaching these rating assessments. We believe that leveraging the Group's profile and processes will prove a strong differentiator for Amlin Bermuda and its ability to deliver on our strategy for growing our international business.' -Ends- Enquiries: Charles Philipps, Amlin plc 0207 746 1000 Richard Hextall, Amlin plc 0207 746 1000 Hannah Bale, Amlin plc 0207 746 1118 Peter Rigby, Haggie Financial 0207 417 8989/ 07803 851426 This information is provided by RNS The company news service from the London Stock Exchange
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