RJ Kiln & Co, the wholly owned Lloyd's managing agency of Kiln Plc, reported a healthy 2004 policy renewal season and gave a positive account of the initial results of its Syndicates over the past two years.
Chief executive Edward Creasy. Said: "2002 remains on track to be an excellent year. Initial signs for 2003 on increased capacity look equally encouraging. Kiln enjoyed a good 2004 renewal season with rates by and large holding steady."
Kiln said its performance for the 2001 year of account was particularly strong, despite the losses from the World Trade Center attacks.
It said its non-marine Syndicate 807 delivered a profit of 5.8% on capacity, or the total amount of business it was able to take on.
Its flagship Syndicate 510 produced a profit for the year as forecast in the group's initial estimates, which it said had not changed materially since they were made in October 2001.
