Information  X 
Enter a valid email address

Kiln Ltd (KIN)

  Print      Mail a friend

Wednesday 22 August, 2007

Kiln Ltd

Updated Syndicate Forecasts

Kiln Ltd
22 August 2007





R J Kiln & Co Limited



Updated Syndicate Forecasts



R J Kiln & Co Limited, the Lloyd's managing agency wholly owned by Kiln Ltd, is
today releasing the following syndicate forecast results as at 30 June 2007 for
the 2005 and 2006 years of account.



2005 Year of Account Forecasts


2005 Account                       Capacity           Forecast Range      Previous forecast as at
                                                                                        March 2007

                                  £ million                        %                             %
Syndicate 510                           545           (5.9) to (0.9)                (8.9) to (3.9)

Syndicate 557                            48         (17.7) to (12.7)              (18.2) to (13.2)

Syndicate 807                            99           (8.0) to (3.0)               (10.3) to (5.3)

Syndicate 308                             9              8.5 to 13.5                   9.3 to 14.3



2006 Year of Account Forecasts


2006 Account                       Capacity           Forecast Range      Previous forecast as at
                                                                                        March 2007

                                  £ million                        %                             %
Syndicate 510                           625             13.1 to 18.1                  13.2 to 18.2

Syndicate 557                            54             18.2 to 23.2                  18.3 to 23.3

Syndicate 807                           110             11.7 to 16.7                  13.3 to 18.3

Syndicate 308                            13               3.3 to 8.3                    2.8 to 7.8



The forecasts set out above take into account all managing agency and Lloyd's
charges. The current forecasts are expressed at 30 June 2007 exchange rates. The
previous forecasts, which were announced originally in May, have been rebased to
the same exchange rate (US$2.01 and C$2.13 respectively).



Kiln group director of underwriting, Robert Chase, commented:



'The 2006 year of account is developing in line with our expectations and we are
seeing continuing improvements in the way the 2005 year is running off, thanks
to the strong pricing levels in that year.'



Kiln Ltd will announce its interim results for the six months to 30 June 2007 on
5 September 2007. There will be a meeting for analysts at 12 noon at 106
Fenchurch Street.



22 August 2007



Enquiries:


Kiln plc                                                020 7886 9000
Robert Chase, group director of underwriting
Kate Rogers, head of communications


College Hill                                            020 7457 2020
Tony Friend
Roddy Watt





Notes to Editors



Kiln is an international insurance and reinsurance underwriting group with a
portfolio of specialist risks. Since 1962, it has built its business on the
strength of its underwriting and relationships.



Kiln Ltd, the holding company of the Kiln Group, is based in Bermuda and is
listed on the London Stock Exchange. Its UK operating company, R J Kiln & Co
Limited, has four syndicates at Lloyd's and, in terms of capacity, is the fourth
largest agency trading in the Lloyd's insurance market. In addition to Bermuda
and 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 it
operates: reinsurance, accident and health, aviation, marine and special risks,
and property, Kiln syndicates enjoy a security rating of 'A+' (Strong) assigned
to 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 Exchange                                                                                                                                                                                                                                   

a d v e r t i s e m e n t