Revised Syndicate 557 Business Plan
R J Kiln & Co Limited (R J Kiln) have submitted a revised business plan to Lloyd’s for the 2009 year of account for Syndicate 557.
The plan has been revised following the recent turmoil in the financial markets and industry losses arising from Hurricanes Ike and Gustav. Consequently, R J Kiln are anticipating more favourable underwriting conditions in 2009, the gross premium in the revised plan has been increased by 17%.
As a result of the material change in the indicative risk based capital requirement the Auction Official has announced that Syndicate 557 will participate in the fourth auction on 13 and 14 November 2008.
Date issued: 11 November 2008
Contact Information
Agency contact name: James Dover
Agency contact no: + 44 (0)207 886 9000
For auction office use only: D2008029
