Kiln's Lloyd's syndicate 1180 hit with $700M in Thai flood claims

LONDON—R.J. Kiln & Co. Ltd.’s Lloyd’s of London syndicate 1180 has about $700 million of claims related to the recent floods in Thailand, the company announced.

The losses are part of an intragroup reinsurance program between the syndicate and its parent, Tokio Marine Holdings Inc., which is facing estimated net claims of $1.3 billion from the floods, it said.

Kiln’s other Lloyd’s syndicates—510, 557 and 807—have no exposure to Tokio Marine’s Thai treaties, it said Friday.