Lloyd's insurer Amlin has revealed its Syndicate 2001 generated £634m in gross written premium in the first half of the year, up 22% compared to the same period in 2002.
Detailing its second quarter forecasts for the 2001 and 2002 years of account for Syndicate 2001, Amlin also revealed that the syndicate had £1.1bn of capacity in the current year.
For the 2001 year of account Amlin's forecast ranged from a 1.5% loss to a 3.5% gain on £574.5m of capacity. On its 2002 year of account Amlin forecast up to 17% profit on £800m of capacity.
The insurer claimed that the 2002 year of account has benefited from a low loss incidence. Although it warned that a "substantial amount of business remains on risk", it maintained its forecasts would continue to improve.
Amlin chief executive Charles Philipps said: "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."