Amlin Bermuda
Amlin Bermuda was formed in November 2005 to write a short tail portfolio of predominantly reinsurance business. Very little business was written in 2005 but the plan is for the account to be made up of the following mix of business and line size limits.

Class	Estimated premium split %	Current maximum line £m
Accident & health	1	1
Catastrophe reinsurance	37	44*
Direct and facultative property	4	5
Proportional reinsurance	3	5
Per risk property reinsurance	6	7.5*
Other reinsurance	3	12*
Marine, energy and aviation	8	6
Space	1	9
War and terrorism	3	9
Syndicate 2001 quota share	31
Syndicate 2001 catastrophe reinsurance	3

*per programme
Note:
1) Limits are set in US dollars and therefore currency rate of exchange changes may increase or reduce the sterling limits.

Amlin Bermuda's business will have strong similarities to the portfolio written in Syndicate 2001. This is because much of it will emanate from London market brokers and will consist of business also written by the syndicate. Furthermore Amlin Bermuda has written a quota share of Syndicate 2001's whole account and provides catastrophe reinsurance protection to Syndicate 2001.

The Bermuda subsidiary will initially write risks without the protection of a reinsurance programme and therefore will have higher net retained exposures to individual risk losses than the Syndicate currently bears. For catastrophe losses Amlin Bermuda will operate with maximum event limits of US$250 million or £145 million any one zone and US$300 million or £175 million for losses affecting more than one zone.