Kiln moves into Asian marine cargo market

Lloyd's insurer Kiln and the John Cahill Group are launching of a new joint venture company in Lloyd's Asia dedicated to underwriting Asian marine business: Kiln Marine Singapore. The new company is due to start underwriting on 1 October 2006.

Kiln Marine Singapore is a subsidiary of International Marine, the joint venture company operated by Kiln and the John Cahill Group. It will underwrite cargo business throughout south east Asia, with an emphasis on the frozen food industry and cargo rejection insurance, on behalf of Kiln's Lloyd's Syndicate 510.

Charles Franks, active underwriter of Kiln's marine division of Syndicate 510 said: 'Singapore offers an exciting opportunity for Kiln to extend the reach of its brand in an area that we see as offering great potential.'