Syndicate Forecasts

Amlin PLC
27 November 2000


Immediate

27 November 2000

AMLIN PLC

                             SYNDICATE FORECASTS



Amlin Underwriting Limited, the Lloyd's managing agency owned by
Amlin plc, has published updated forecasts of the results of its managed
Lloyd's syndicates for the 1998 and 1999 years of account.



For its principle underwriting operation, Syndicate 2001, the 1998 year of
account forecast has been revised marginally down, owing mainly to the poor
performance of its US casualty account.  The forecast for the 1999 year of
account, which has a shorter tail than 1998, remains unchanged.



The forecasts for Syndicate 902 remain unchanged for both the 1998 and 1999
years of account.



Syndicate 1141's forecasts have been impacted by a combination of
deteriorating prior year figures, worse third quarter claims notifications
than hitherto anticipated, and a more cautious estimate of ultimate loss
ratios in respect of the pure 1998 and 1999 years of account, affecting in
particular the Syndicate's US casualty and binding authority accounts.



The forecasts, which are set out below, are expressed in a range as a

percentage of capacity and are after standard Names' expenses, including

agents' fees and profit commission.



1998 year of account


Syndicate   Capacity      % owned    Latest forecasts        Previous forecasts
No.               £m     by Amlin              % to %                    % to %
902             37.6          35%        0.00 to 5.00              0.00 to 5.00
1141            76.2          22%  (27.50) to (22.50)        (16.00) to (11.00)
2001           528.7          24%    (7.50) to (3.50)          (7.00) to (2.00)
Total          642.5                 (9.43) to (5.26)          (7.66) to (2.66)

1999 year of account


Syndicate   Capacity      % owned    Latest forecasts        Previous forecasts
No.               £m     by Amlin              % to %                    % to %
902             37.6          45%      (4.00) to 1.00            (4.00) to 1.00
1141            76.2          52%  (19.00) to (14.00)         (13.50) to (8.50)
2001           454.0          35%    (6.00) to (1.00)          (6.00) to (1.00)
Total          567.8                 (7.61) to (2.61)          (6.87) to (1.87)


2000 year of account

Rating increases achieved during the year, particularly on fleet motor
business underwritten by Syndicate 2001, combined with a low level of
catastrophe losses to date in 2000, have resulted in lower incurred loss
ratios than at the same stage in prior years of account as shown below.



30 September (3rd quarter) net incurred loss ratios


                        1998                1999                  2000
                 Year of account    Year of account       Year of account
                    At 9 months          At 9 months           At 9 months

Syndicate 902           70%                  64%                   59%
Syndicate 1141          46%                  36%                   24%
Syndicate 2001          50%                  37%                   27%


This indicates an improved position for the 2000 year of account.


Outlook

Most business areas have witnessed improvements in the rating environment over
the past quarter, with particular strengthening in the aviation and excess of
loss accounts.  Action taken during 2000 as part of the recently announced
re-organisation has refocussed the poor performing US casualty and binding
authority accounts.  This has included the active re-rating of business, as
well as changes to management and staff.   The Group is in a strong position
to benefit from the better market conditions that are materialising.



Enquiries:


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