26th Jun 2006 07:01
Kiln PLC26 June 2006 Kiln plc Kiln capacity planned to exceed £1 billion in 2007 R J Kiln & Co, the Lloyd's managing agency wholly owned by Kiln plc, hassubmitted its initial business plans to Lloyd's in which it aims to increase itsoverall capacity in the Lloyd's market to over £1 billion for 2007, an increaseof 25% on 2006. The company intends to increase the capacity of its flagshipSyndicate 510 by 17.6% and its catastrophe Syndicate 557 is planned to more thandouble. The proposed increases on Kiln's four syndicates are as follows: 2006 capacity 2007 proposed capacity % increase £m £m Syndicate 510 625 735 17.6Syndicate 557 55 120 118.0Syndicate 807 110 135 22.7Syndicate 308 13 15 15.3Total 803 1,005 25.2 Kiln's director of underwriting Robert Chase said: "We are seeing strong rating conditions and increased discipline in the market,and the planned pre-emptions on our syndicate capacities reflect our sense that,on the assumption that 2007 will be a year of moderate catastrophe activity, itwill be one offering excellent underwriting opportunities." 26 June 2006 Enquiries: Kiln plc 020 7886 9000 Robert Chase College Hill 020 7457 2020 Roddy Watt This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kin Group