25th Jun 2007 10:08
Kiln Ltd25 June 2007 Kiln Ltd Kiln company reorganisation Following the successful redomicile of Kiln to Bermuda and the formation of KilnLtd, the new ultimate holding company, Kiln has taken the opportunity to reviewits management structure to reflect the new organisation. The board of Kiln Ltd is responsible for the strategic direction and overallmanagement of the Kiln Group. Edward Creasy will become Group Chief ExecutiveOfficer, Peter Haynes Group Chief Financial Officer based in Bermuda and RobertChase will become Group Director of Underwriting. In parallel, Charles Franks is to be appointed Chief Executive Officer of R JKiln & Co Limited, which manages the company's four syndicates at Lloyd's andits related non-Bermuda interests internationally. He is to be succeeded asActive Underwriter of the Kiln Syndicate 510 Marine & Special Risks division byPaul Culham with Peter Merton as his deputy. Andrew Carrier, active underwriter of Syndicate 557 and the reinsurance divisionof Syndicate 510, has decided to leave Kiln. He will be succeeded by DavidHuckstepp, who has been deputy underwriter since 2000. Matthew Wilken will beappointed as deputy underwriter. These appointments, together with other related R J Kiln & Co Limited boardappointments, will be effective from 16 July 2007. All appointments are subjectto the relevant regulatory approvals being obtained. Nick Cosh, chairman of Kiln Ltd commented: 'Kiln has made significant progress in the last year and this reorganisationwill ensure we have the right structure to continue to take the business forwardand deliver against our strategy.' Edward Creasy, Kiln Group Chief Executive Officer commented: 'This reorganisation supports both the long term strategic development of theKiln Group and the successful management of its operating companies. Charles isan experienced market operator with 24 years in the market, 14 of which havebeen with Kiln; he is well placed to take R J Kiln forward into its next phase.' On the departure of Andrew Carrier, Edward Creasy added 'Andrew has been a highly successful underwriter at Kiln for many years; we aresorry to see him go and wish him well. David Huckstepp has been at Kiln foralmost 19 years and Matthew Wilken for 16 years, so I am confident that Kiln'sleading position in the reinsurance market remains as strong as ever.' 25 June 2007 Enquiries: Kiln Ltd +44 (0)20 7886 9000Edward CreasyRobert ChaseKate Rogers College Hill +44 (0)20 7457 2020Tony FriendRoddy Watt Notes to Editors Kiln is an international insurance and reinsurance underwriting group with aportfolio of specialist risks. Since 1962, it has built its business on thestrength of it underwriting and its relationships Kiln Ltd, the holding company of the Kiln Group, is based in Bermuda and islisted on the London Stock Exchange. Its UK operating company, R J Kiln & CoLimited, has four syndicates at Lloyd's and, in terms of capacity, is the fourthlargest agency trading in the Lloyd's insurance market. In addition to Bermudaand London, Kiln has offices in Hong Kong, Singapore, South Africa and Belgium. A recognised leader in each of the five main business areas in which itoperates: reinsurance, accident and health, aviation, marine and special risks,and property, Kiln syndicates enjoy a security rating of 'A+' (Strong) assignedto Lloyd's by Standard and Poor's. Further information is available at www.kilngroup.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kin Group