Kiln Syndicate 1880 has $700mn Thai loss on single treaty
Kiln Syndicate 1880 is in line to take $700mn of gross losses from its reinsurance of the Tokio Marine Sri Muang joint venture in Thailand, The Insurance Insider can reveal.
According to well-placed sources the latest 100 percent gross loss estimate for the uncapped surplus treaties is $1.3bn - somewhat lower than the $1.5bn-$2bn that this publication suggested earlier in the week.
Kiln parent Tokio Marine has a 59 percent equity share in its Thai joint venture.
Fifty-four percent of...
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