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.
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.
