Shareholders in Kiln could be rewarded with a massive increase in its dividend payout at the end of a strong financial year.
Kiln chief executive Edward Creasy proposed a five-fold increase in the dividend from 0.6p in 2003 to 3.0p in 2004. It comes as Kiln posts preliminary results which show a 15% jump in profits from £33.1m in 2003 to £38.1m in 2004.
Combined ratio at the syndicate is expected to stand at a Lloyd's market lead of 86% - up from 77% last year. Gross written premiums also showed a significant rise to £313.5m, up 17% on the previous year.
But Kiln was unable to avoid the 2004 hurricane season. It announced a dip in its underwriting profit of 15% to £23.4m, after taking a £34m hit from extreme weather.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
