Kin Group Regulatory News (KIN)

22 Sep 2005 16:48

Kiln PLC22 September 2005 Kiln plc Revised business plan and Capacity for 2006 year of account Lloyd's managing agency R J Kiln & Co Limited has submitted revised businessplans to Lloyd's for 2006 for each of its managed syndicates. FollowingHurricane Katrina, the company said it expected rates to rise significantly,reversing the previously expected decline. In order to take advantage of theopportunities that will be offered by the improved underwriting environment, thecompany now plans to increase the capacity of all of its syndicates and hassubmitted revised business plans to Lloyd's accordingly. Below are the revised capacities for each of the four syndicates, which aresubject to Lloyd's approval. 2005 capacity Revised proposal for Change £m 2006 capacity % £mSyndicate 510 546.1 625.2 14.5Syndicate 557 47.8 54.8 14.5Syndicate 807 100.0 110.0 10.0Syndicate 308 9.6 13.0 34.8Total 703.5 803.0 14.1 22 September 2005 Enquiries: Kiln plcEdward Creasy, Chief Executive Officer 020 7886 9000Robert Chase, Director of Underwriting College HillTony Friend 020 7457 2020Roddy Watt This information is provided by RNS The company news service from the London Stock Exchange