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Kiln buys stake in South African underwriter

Kiln, a subsidiary of Lloyd's managing agent RJ Kiln & Co, today announced it has acquired a 25% stake in South African underwriter International Marine Insurance Managers.

Charles Franks, active underwriter of Kiln's Syndicate 510 said: "International Marine is an extremely well-regarded marine underwriter in the South African market.

“We have been working together for

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Solvency II inconsistencies put pet insurance on uneven footing

Pet insurance is a growing part of the non-life market, but inconsistent Solvency II classifications mean identical risks can attract very different capital requirements – a disparity that Catherine Drummond, partner at LCP, warns could shape competitiveness as the sector expands.

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