Syndicate Forecasts

Amlin PLC
17 August 2004


PRESS RELEASE
FOR IMMEDIATE RELEASE
17 August 2004

AMLIN SYNDICATE 2001's PROFIT FORECASTS INCREASED

- Syndicate 2001's profit forecasts continue to increase
- Rates and conditions remain relatively robust

Amlin, the leading Lloyd's insurer, today updated its Syndicate 2001 forecasts
for the 2002 and 2003 years of account and commented on current trading as set
out below.

Current trading

Amlin plc continues to achieve strong growth in its premium income arising from
an increase in its ownership of Syndicate 2001 to 100% of capacity in 2004 from
86% in 2003 and an increase in Syndicate 2001's gross written premium (net of
brokerage) for the six months to the end of June 2004 to £580 million (at rates
of $1.81: £1).  This compares with £539 million for the same period in the
previous year, net of quota share reinsurance and converted at the same exchange
rate.

The average renewal rate reduction in the first half of 2004 was -2.5%, weighted
across Syndicate 2001's premium by business class.  This modest reduction in
rates will  continue to allow Amlin to earn excellent returns on Syndicate
2001's underwriting.

Syndicate 2001 Forecasts

Syndicate 2001's forecasts for the 2002 and 2003 years of account, which are
expressed below as a percentage of capacity after standard personal expenses,
have both improved.

Year of
account
                 Capacity   Amlin share   Current            Previous
                       £m             %   forecasts          forecasts

          2002        800          72.3   16% to 21%         15% to 20%

          2003       1000          86.0   12.5% to 17.5%     11% to 16%


Both years of account continue to develop well. Major loss incidence for the
first half of 2004 has again been low which has benefited the 2003 year of
account.  Amlin expects the forecasts to continue to improve if a normal level
of loss development is experienced.

Charles Philipps, Chief Executive added, 'Current trading conditions remain good
and the increased forecast profits for Syndicate 2001 again demonstrate the
quality of our underwriting and diversified strength of the group'.

Ends


Enquiries:

Charles Philipps, Amlin plc                                0207 746 1000
Richard Hextall, Amlin plc                                 0207 746 1000
David Haggie, Haggie Financial Limited                     0207 417 8989



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