Kiln plc has announced that it now has capacity to write up to £664m of gross premium income during the 2002 year of account - an increase of 74% from last year.
The capacity increase follows Kiln's new qualifying quota share arrangement with Arch Reinsurance. On 15 February it announced it had entered into a similar agreement with subsidiaries of W.R. Berkley Corporation.
The company also confirmed today that its WTC losses remain materially unchanged from those announced on 19 September 2001, and that it can meet the requirement to fund its US Situs Trust Fund with 100% of its estimated gross losses without requiring any cash calls to Names.
