Amlin Bermuda begins trading

Amlin PLC 05 December 2005 Press Release For Immediate Releass 5th December 2005 Amlin Bermuda begins trading Amlin plc, the leading insurer, is pleased to announce that its newly formed business, Amlin Bermuda Ltd ('ABL'), has now started to trade. ABL, which has been registered by the Bermuda Monetary Authority as a Class 4 Insurer under the Bermuda Insurance Act of 1978, has been capitalised at $1 billion. A team of underwriters, led by Mr John Andrews, a former Syndicate 2001 senior underwriter, is in situ in Bermuda, ready to participate in the 1 January renewal season. ABL is focused on establishing a geographically spread catastrophe and property reinsurance account. Additionally, to provide ABL with increased diversity, it is likely to underwrite a whole account quota share and some class specific surplus treaties of Syndicate 2001. Charles Philipps, Chief Executive of Amlin plc commented, 'This is an exciting new development for Amlin, providing a further avenue for growth. To be up and running in good time for the January 2006 renewals is the result of some excellent teamwork across the Group. I believe we are well positioned to make every success of this new venture.' - ends - Enquiries: Charles Philipps, Amlin plc 0207 746 1000 Richard Hextall, Amlin plc 0207 746 1000 David Haggie, Haggie Financial Limited 0207 417 8989 This information is provided by RNS The company news service from the London Stock Exchange
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