Syndicate Forecast

Amlin PLC
15 August 2003


PRESS RELEASE
FOR IMMEDIATE RELEASE
15 August 2003

                                   AMLIN PLC


SECOND QUARTER SYNDICATE FORECASTS

Amlin plc, the leading Lloyd's insurer, today releases its second quarter
forecasts for the 2001 and 2002 years of account for Syndicate 2001. It also
comments on current trading as set out below.

Current trading

Amlin is continuing to experience good trading conditions in all of its
principal lines of business. Syndicate 2001 has £1.1 billion of capacity in the
current year, of which £860 million is Amlin's share. The syndicate's gross
written premium (net of brokerage) was £634 million in the six months to 30 June
2003, up 22% over 2002.

Forecasts

The second quarter forecasts for the 2001 and 2002 years of account are
unchanged from those made after the first quarter, which are expressed as a
percentage of capacity, and are as follows:


  Year of       Capacity         Amlin share            Forecasts
  account          £m                 %                  % to %

  2001           574.5              69.6               (1.5) to 3.5

  2002           800.0              72.3               12.0 to 17.0


The 2001 year of account continues to develop in line with expectations. The
2002 year of account has benefited from low loss incidence to date. Underlying
improvements in the quarter have been partially offset by exchange rate
movements (Quarter end rate $1.65:£1). A substantial amount of business remains
on risk for this year, but Amlin expects the forecast to improve if a normal
level of loss development is experienced for the remainder of the year.

Charles Philipps stated '2003 continues to develop well and business written in
previous years remains in line with our expectations. We are increasingly
confident about the financial outcome for this year and look forward with
optimism.'


Enquiries:

Charles Philipps, Amlin plc                    tel: [phone]
Richard Hextall, Amlin plc                     tel: [phone]
David Haggie, Haggie Financial                 tel: [phone]



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