Kin Group Regulatory News (KIN)

31 Aug 2006 07:01

Kiln PLC31 August 2006 R J Kiln & Co Limited Updated Syndicate Forecasts R J Kiln & Co Limited issued the following syndicate forecast results as at 30June 2006 for the 2004 and 2005 years of account to Lloyd's. 2004 Year of Account Forecasts 2004 Account Capacity Forecast Range Previous forecast as at March 2006 £ million % % Syndicate 510 507 4.7 to 9.7 3.8 to 8.8Syndicate 557 55 2.9 to 7.9 4.9 to 9.9Syndicate 807 113 (0.3) to 4.7 0.3 to 5.3Syndicate 308 5 (7.0) to (2.0) (6.1) to (1.1) 2005 Year of Account Forecasts 2005 Account Capacity Forecast Range Previous forecast as at March 2006 £ million % % Syndicate 510 545 (11.4) to (6.4) (9.3) to (4.3)Syndicate 557 48 (25.9) to (20.9) (25.4) to (20.4)Syndicate 807 100 (12.2) to (7.2) (10.7) to (5.7)Syndicate 308 10 7.6 to 12.6 7.6 to 12.6 The forecasts set out above take into account all managing agency and Lloyd'scharges. The current forecasts are expressed at 30 June 2006 exchange rates. Theprevious forecasts, which were announced originally in May, have been rebased tothe same exchange rate (US$1.85 and C$2.06 respectively). While Syndicate 510's forecast for 2004 showed improvement, the second quarterof 2006 saw other small deteriorations in Kiln syndicate forecasts, particularlyin respect of the Lloyd's 2005 Year of Account. The quarter had more than itsfair share of advices of large losses, which were mainly in respect ofindividual rather than catastrophic events. Kiln plc will announce its interim results for the six months to 30 June 2006 on12 September 2006. 31 August 2006 Enquiries: Kiln plc 020 7886 9000Edward Creasy, Chief Executive OfficerRobert Chase, Director of UnderwritingKate Rogers, Head of Communications College Hill 020 7457 2020Tony FriendRoddy Watt This information is provided by RNS The company news service from the London Stock Exchange