AM Best positive on Kiln after approach
Following the cash offer for the shares of Lloyd’s (re)insurer Kiln by Tokio Marine, rating agency AM Best has placed the bbb+ issuer credit ratings of Kiln Ltd and Kiln UK under review with positive implications.
At the same time Best has placed the debt ratings of "bbb" on the $30m and $35m floating rate subordinated bonds issued by Kiln UK under review with positive implications.
However, Best also said the
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