Kiln, a UK-based insurance and reinsurance underwriting group, has entered into liability market with the launch of liability function to underwrite and support general liability risks.
Initially, the new product will focus on writing primary and excess business in the open market, as well as supporting and developing Kiln’s market position in the binding authority field.
Kiln said it will operate with a $25m line size and will write across all business sectors, for risks domiciled in all territories worldwide excluding the USA.
The business sectors include: 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.
The new initiative will be lead by Chris Jones and will sit within the property and special lines (PSL) division of Kiln Syndicate 510 at Lloyd’s, which is led by Robin Hargreaves. He will join Kiln from DA Constable Syndicate 386, part of QBE.
Hargreaves said placing the liability function within the PSL team maximizes opportunities to tailor a full product offering to meet the 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," Hargreaves said.