Kiln has announced a rights issue to raise funds for the post-hurricanes rating environment.
According to the insurer, it will raise £72.8m net of expenses which it will use to acquire further capacity on its Syndicate 510 and to increase its stamp next year.
In its announcement to the London Stock Exchange, Kiln reiterated its comments that it expects average rate increases of 12.5% following the storms.
Individual property risks, US catastrophe reinsurance risks and offshore energy risks are forecast to increase by 23%, 23% and 46% respectively, it added.