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Commercial

Kiln writes less for more premium as rate rises accelerate

In an AGM statement specialist Lloyd’s (re)insurer Kiln has said trading conditions have shown considerable improvements year on year and this trend, which began immediately after the 2005 hurricanes, has continued and accelerated as 2006 has progressed.

Arag is planning to enter the UK insurance market

Arag Allgemeine Rechtsschutz-Versicherungs-AG is preparing its entry to the UK. The company filed the appropriate documents on 22 May to initiate the approval process by the Financial Services Authority (FSA). Arag anticipates the official start of…

Brit appoints new FD

Brit Insurance has appointed Richard Coulthwaite to the newly-created post of finance director, underwriting. He joined the company in April and will report to group finance director.

Former RBSI head close to raising finance for new insurer

John O'Roarke, former chief operating officer of Royal Bank of Scotland Insurance is close to sealing a finance deal worth £84m to launch a new multi-channel insurer, and has entered final talks with “less than five” backers, writes Anthony Gould. A deal…

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