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.
Kiln said that for its flagship Syndicate 510, rates are up 13% when compared to the same period last year, with reinsurance and marine pricing up 19% and 32% respectively.
The company added that
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