Kiln said the rating environment has continued to develop better than predicted in its June AGM statement.
It said it had achieved overall renewal rates of 104%on its 2002 rates, and 98% on its 2003 rates.
For Syndicate 510, the 2004 gross incurred loss ratio at the half year points stands at 8%, a slight improvement on the same point in 2003.
Kiln said this was due to the property account, where rates have held up better than expected during this period, the company said. The property loss ratio on 2004 is some 4 points better than it was at the same time in 2003.
