Underwriting Confirmation

Amlin PLC
10 December 2002

PRESS RELEASE


DATE     10 December 2002


Amlin plc: Amlin Confirms 2003 Underwriting Capacity

Amlin is pleased to confirm that it has extended its current letter of credit
facilities, details of which were announced on 1 November 2002, by £10 million.
The increased amount arranged by Lloyds TSB Capital Markets (acting also as
Agent), was provided by WestLB AG.

Amlin now has sufficient capital to support its intended wholly owned
underwriting capacity of £861 million for the 2003 year of account.  This
represents an increase of 49% on Amlin's wholly owned capacity of £578 million
for the 2002 year of account.

In addition, the support of third party capital has been strong with the
majority of the limited tenancy capacity, created through Amlin's recent
acquisition of Syndicate 2001 capacity, being taken up or traded in the Lloyd's
auctions.

Consequently, Syndicate 2001's regulatory capacity for the 2003 year of account
will be £1 billion which is supplemented by a further £100 million from existing
quota share facilities.  In aggregate this represents an increase of 22% in the
Syndicate's potential gross written premium for 2003.

Charles Philipps commented:

 'We are delighted to have achieved our target underwriting capacity for 2003.
Rapid growth into a hard insurance market is a key part of delivering our
strategic goals.  We will look to increase our underwriting capacity through the
year if underwriting conditions warrant'.


Enquiries:

Charles Philipps, Chief Executive, Amlin plc            020 7746 1050
Richard Hextall, Finance Director, Amlin plc            020 7746 1054
David Haggie, Haggie Financial                          020 7417 8989



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