Kiln, the international insurance and reinsurance underwriting group, and a subsidiary of the Tokio Marine group, announced that it has launched a new Liability function to underwrite and support general liability risks.
The new product line, which will be led by Chris Jones, will “initially focus on writing primary and excess business in the open market, as well as supporting and developing Kiln’s market-leading position in the binding authority field,” said the bulletin.
“It will operate with a $25 million line size and will write across all business sectors, for risks domiciled in all territories worldwide excluding the USA, including: onshore energy; utilities and telecommunications; contractors and construction industry; single project construction; mining and natural resources; manufacturing; chemicals; railways and transportation; sports and leisure; property owners, and hotels and real estate.”
Jones joins Kiln from D.A. Constable Syndicate 386, which is now part of QBE. He noted Kiln’s “excellent reputation in the market,” adding that the Group is “currently recruiting high-caliber individuals to expand and enhance our capability as part of our long-term aim to become a high-quality participant in the liability sector. This is an exciting development for the market and I’m looking forward to the challenge.”
Kiln indicated that Jones would “sit within the Property and Special Lines (PSL) division of Kiln Syndicate 510 at Lloyd’s, which is led by Robin Hargreaves, who observed: “Placing the Liability function within the PSL team maximizes our opportunities to tailor a full product offering to meet our clients’ business needs.
“This is a real step-change for Kiln as we take our significant expertise in the short-tail market into this exciting new field. Chris’ vast experience in this area will be a significant asset for us as we grow.”
Source: Kiln Group
Was this article valuable?
Here are more articles you may enjoy.