Kiln has posted a solid performance in the first half of 2003, generating a 37% surge in premium volumes from 2002.
Speaking at an AGM to rubber-stamp Kiln's investment in the new insurer run by W R Berkley Insurance (Europe), Kiln chairman Ian Percy said the group had enjoyed a good start to 2003.
He said: "The current trading environment remains strong. We are now half way through 2003, premium volume levels are up 37% on this time last year and the rating environment is holding up well.
"This year to date has thankfully been relatively free from major catastrophes, and this bodes well for Kiln's 2003 figures."
It is expected that the new insurer will be London-based and will specialise in writing UK casualty risks.
