Syndicate Results

Amlin PLC
24 August 2001

24 August 2001

For Immediate Release

                                  AMLIN PLC



FORECASTS IMPROVE - SYNDICATE 2001 SEES RETURN TO PROFITABILITY


Amlin Underwriting Limited, the leading Lloyd's managing agency owned by Amlin
plc, has updated its forecasts for the 1999 year of account and has issued its
preliminary forecast for the 2000 year of account.

The forecasts confirm the improving position of Amlin's core ongoing Syndicate
2001 with a return to profitability of up to 5% for the 2000 year of account.

Current trading

For the 2001 year of account, Amlin has consolidated its underwriting into
Syndicate 2001 and early signs are that the year has started well.  Rating
increases are now gathering momentum in all London Market classes and the UK
commercial motor business is witnessing its third successive year of improved
terms.

Amlin's low exposure to the energy sector means that it has not been overly
affected by some major losses in this area, such as the Petrobras rig loss.
Furthermore Syndicate 2001's limited line of 2.2% of the Sri Lankan war loss
is well contained by its reinsurance programme.  Accordingly, loss incidence
for the 2001 year of account has been satisfactory to date.

Additionally, following the action taken last year to turn around the loss
making US casualty business, exposure in this area has been reduced with the
ongoing account being underwritten on more attractive terms.  The Syndicate
continues to increase its focus on shorter tail business.

Forecasts

The forecasts, which are set out below, are expressed in a 5% range as a
percentage of capacity and are after standard Names' expenses, including
agent's fees and profit commission.

1999 year of account forecasts

Syndicate No.  Capacity    %owned       Latest forecast     Previous forecasts

                     £m  by Amlin                % to %                  % to %


902                37.6     45.5%        (7.0) to (2.0)          (7.0) to (2.0)
1141               76.2     52.1%      (23.0) to (18.0)        (23.0) to (18.0)
2001              453.0     35.2%        (5.5) to (0.5)          (6.0) to (1.0)



2000 year of account forecasts


Syndicate No.       Capacity          %owned               Preliminary forecast

                          £m        by Amlin                                  %


902                     37.6           56.7%                   (22.5) to (17.5)
1141                    76.2           69.7%                   (23.0) to (18.0)
2001                   423.4           55.8%                         0.0 to 5.0


1999 year of account

The 1999 year of account forecasts are consistent with those submitted to
Lloyd's in May 2001 and reflect the poor trading conditions in worldwide
insurance markets in that year.

For Syndicate 2001 the 1999 year of account forecast range has been improved
by 0.5% of capacity, reflecting improved development of the 1999 account and
prior years.

Syndicates 902 and 1141 forecasts for the 1999 year of account remain
unchanged, the reserves of Syndicate 1141 having been significantly
strengthened in respect of US casualty business during 2000.  Syndicate 1141's
casualty book comprises principally medical malpractice, auto liability and
general casualty lines.  It has only a small exposure to directors and
officers insurance, writing £0.7 million of income in this class in 1999.

2000 year of account

As expected, the 2000 year of account of Amlin's core Syndicate 2001, has seen
continued improvement in its performance with a return to profitability
forecast of up to 5% of capacity.

Particular areas of improvement have been UK motor, which benefited from a
second year of rating increases, and catastrophe reinsurance, which
experienced a low level of losses.  As previously reported the US casualty
account continued to dampen performance.

The forecast for Syndicate 902, which ceased trading at the end of 2000,
reflects a continued difficult environment in the marine and energy markets.
The Syndicate was also affected by three large losses on its space accounts.

Syndicate 1141, which also ceased trading in 2000, was affected by the same
poor trading in its US casualty and binding authority books of business, which
impacted 1999.  Its forecast result is in line with previous expectations.

Enquires:

Charles Philipps, Amlin plc                               0207 746 1059
Richard Hextall, Amlin plc                                0207 746 1054
David Haggie, Haggie Financial Limited                    0207 417 8989