Windstorm Estimates

Amlin PLC
08 October 2004


PRESS RELEASE -
FOR IMMEDIATE RELEASE


DATE     8 October 2004



WINDSTORM ESTIMATES

Amlin, the leading Lloyd's insurer, today released its estimates for losses
relating to Hurricane and Typhoon events in the United States and Japan
respectively.

2004 has been an exceptional year for Hurricanes and anticipated losses are
higher than our business plan assumptions for such activity. Evaluation of the
loss events is at a preliminary stage. The underlying event estimates for
Hurricanes Charley, Frances, Ivan and Jeanne, together with Typhoon Songda, are
for gross claims of $263 million which reduces to $133 million after
reinsurance. This is approximately £30 million above our business plan
assumptions included in our 2004 pre-tax profit projection, after taking into
account a normal level of future catastrophe activity in the remainder of 2004.

Amlin writes a diverse portfolio of insurance business and this continues to
perform very well, with little additional major loss activity. This should
counterbalance much of the impact of these windstorm losses. Amlin will issue an
update in November with its normal quarterly trading statement.

Losses of this scale will have an impact on the behaviour of insurance and
reinsurance companies during the remainder of 2004 and 2005. Amlin expects that
these losses will reduce pressure for rate reductions, and generate rate rises
in some areas, particularly for US catastrophe treaty business.


ENDS


Enquiries:

Charles Philipps, Amlin plc                              0207 746 1000
Richard Hextall, Amlin plc                               0207 746 1000
Hannah Bale, Amlin plc                                   0207 746 1118
Peter Rigby, Haggie Financial Limited                    07803 851 426



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