ROGER TAYLOR, CHAIRMAN Aged 61. Appointed a non-executive director and Chairman of the Company in 1998 on completion of its merger with ML (Bermuda) Limited. Chairman of the Nomination Committee. A non-executive director of Helphire Group plc, Yura International Holding B.V. and White Ensign Association Limited. Formerly Chief Executive of Sun Alliance Group plc and, until 1998, Deputy Chairman of Royal & Sun Alliance Insurance Group plc. Chairman of the Association of British Insurers from 1997 to 1998. CHARLES PHILIPPS, CHIEF EXECUTIVE Aged 44. Appointed Group Chief Executive in 1999, having joined the Board as Group Finance Director in 1997. Chartered Accountant. Elected to the Council of Lloyd's, representing Amlin Corporate Member Limited, with effect from 2001. A member of the Lloyd's Market Board for 2001 and 2002 and from 2002 Chairman of the Lloyd's Market Association's Capital Committee. A director of Amlin Underwriting Limited since 1998. A non-executive director of Lloyd's Japan Inc. from 2000 to March 2003. A director of NatWest Markets Corporate Finance Limited until 1997, having been employed there from 1983. RICHARD HEXTALL, FINANCE DIRECTOR Aged 34. Appointed Group Finance Director when he joined the Group in 1999. Also a director of Amlin Underwriting Limited since 1999. Chartered Accountant. Member of the Finance Committee of the Lloyd's Market Association since January 2002 and of the Lloyd's Investment Committee from 2003. Joined the Group from Deloitte & Touche, where he was a director specialising in the insurance and financial services sector. BRIAN CARPENTER, UNDERWRITER Aged 45. Appointed a director of the Company in 2000. Head of the Amlin Insurance Services division of Syndicate 2001, which comprises the Group's UK motor, property and liability businesses. A director of Amlin Underwriting Limited since 1993. Member of the Lloyd's Market Board from 2000 to 2002. Chairman of the Finance Committee of the Lloyd's Motor Underwriters Association and of the Lloyd's Training and Advisory Group. Member of the Business Development Unit Board at Lloyd's from 1997 to 2000. Prior to joining the Group in 1989, he worked as a broker with Sedgwick and Marsh. JOHN STACE, VICE CHAIRMAN Aged 54. Appointed Vice Chairman of the Company in September 1999, having joined the Board in 1997. Moved from a full time to a part time executive basis in November 2001. An Amlin nominated non-executive director of Stace Barr Angerstein PLC and a non-executive director of Edward Lumley Holdings Limited and Frontiers Group Limited. Appointed Master of the Worshipful Company of World Traders in October 2002. Chairman of the Lloyd's Charities Trust since 2001. Trustee of The Tank Museum, Bovington. Formerly a founder and Chairman of Stace Barr, a Lloyd's members' agency, Chief Executive of the Company from 1997 to 1998 and Deputy Chief Executive from 1998 to 1999. Member of the Lloyd’s Regulatory Board and of Lloyd’s Business Conduct Committee from 2000 to December 2002 and Chairman of the Lloyd’s Members’ Services Unit (MSU) from 2001 to December 2002. A former Deputy Chairman of Lloyd’s, and former committee member of the Lloyd’s Market Association. TONY HOLT, UNDERWRITING DIRECTOR Aged 51. Appointed a director of the Company in 2000. Director of Underwriting of Syndicate 2001 since 1999 which, since its merger with Syndicates 902 and 1141 for the 2001 year of account, is the Group’s unified composite syndicate. In October 2000 he was appointed head of Syndicate 2001’s Harvey Bowring division, which comprises all of the Group’s excess of loss and non-marine classes of business. A director of Amlin Underwriting Limited since 1992, having joined the Group in 1980. Active Underwriter of marine Syndicate 40 (now part of Syndicate 2001) from 1995 to October 2000. ROGER JOSLIN, NON-EXECUTIVE Aged 66. Appointed a director of the Company in 2001. Also a non-executive director of Archer Daniels Midland Company since 2001. Until retiring in December 2002 he was Vice Chairman of State Farm Mutual Automobile Insurance Company and a director of State Farm Fire and Casualty Company and State Farm Life Insurance Company, serving on the executive and investment committees of these three principal companies in the State Farm Insurance Group. US citizen. THOMAS KEMP, NON-EXECUTIVE Aged 62. Appointed a director of the Company on its merger with ML (Bermuda) Limited in 1998, having previously been a non-executive director of ML (Bermuda) Limited. A director since 1994 of White Mountains Insurance Group Limited, which is in the same group as One Beacon Insurance Company (a disclosable shareholder of over 3% of the Company's shares until February 2003), having served as President from 2001 to the end of 2002. Previously its Deputy Chairman from 2000 to 2001 and its President and Chief Executive Officer from 1997 to 2000, having joined in 1990. During 2002 commenced a temporary secondment as Chief Financial Officer of Montpelier Re Holdings Limited, with which Syndicate 2001 has a qualifying quota share arrangement. Former President and Chief Executive Officer of Resolute Reinsurance Company and former Vice President for Corporate Finance and Development at GEICO Corporation. US citizen. JOHN KENNEDY, NON-EXECUTIVE Aged 68. Chairman of the Remuneration Committee. Appointed a director of the Company in October 1993, and served as non-executive Chairman from 1996 to 1998 until its merger with ML (Bermuda) Limited, the latter being the part of the Group from which the major part of the present business originates. A non-executive director of the Nuclear Generation Decommissioning Fund Limited. Formerly senior partner of City solicitors, Allen & Overy, and, until 2000, Chairman of The Law Debenture Corporation plc. A former director of the Financial Services Authority and a former Chairman of the Lloyd's Market Association. RAMANAM MYLVAGANAM, NON-EXECUTIVE Aged 53. Appointed a director of the Company on its merger with ML (Bermuda) Limited in 1998, having previously served as a non-executive director in that group. A non-executive director of Amlin Underwriting Limited. Principal partner of CMS Limited, a management consultancy firm specialising in marketing and strategic business planning and development. A director of ProZone Holdings Limited and Sports Info Services Limited. JOHN SANDERS, NON-EXECUTIVE Aged 60. Appointed a director of the Company in October 1993, prior to its merger in 1998 with ML (Bermuda) Limited, the latter being the part of the Group from which the major part of the present business originates. Deputy Chairman of Austin Reed Group PLC and a non-executive director of BoE International Holdings Limited, Sabanci Bank plc, UFJ International plc and Melli Bank plc. A Barclay Fellow of Templeton College, Oxford. A managing director of NatWest Markets until 1998 and a former Chairman of Orion Royal Bank and of Royal Bank of Canada Europe. LORD STEWARTBY, DEPUTY CHAIRMAN AND DESIGNATED SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR Aged 67. Chairman of the Audit Committee. Appointed a director and Deputy Chairman of the Company in 1995. Non-executive appointments as Chairman of The Throgmorton Trust PLC, Deputy Chairman of Standard Chartered PLC and as a director of Diploma plc and companies in the Framlington group. An Amlin nominated alternate director of Stace Barr Angerstein PLC since July 2001, having previously served as an Amlin nominated director. A former Deputy Chairman of the Portman Building Society and a former director of the Financial Services Authority. Former holder of a number of Government offices, including Economic Secretary to the Treasury, from 1983 to 1987. Member of the Audit Committee Member of the Nomination Committee Member of the Remuneration Committee Directors are executive directors of Amlin plc unless otherwise stated.