Kiln updates syndicate forecasts

LONDON— Kiln P.L.C. has updated forecasts for the Lloyd's of London syndicates managed by its R.J. Kiln & Co. Ltd. managing agency.

Kiln said that it expected composite syndicate 510 to record a loss of between 6.6% and 11.6% of its £545 million (€805 million) capacity for the 2005 year of account.

The company said its catastrophe syndicate 557 would probably produce a loss of between 20.1% and 25.1% of its £48 million (€70 million) capacity for 2005.

Kiln's non-marine syndicate 807 is expected to record a loss of between 6.3% and 11.3% of its £100 million (€147 million) capacity for 2005, while life syndicate 308 is expected to produce a 6% to 11% return on its £10 million (€14 million) of capacity for 2005.