Bermuda-based and Lloyd's managing agency R J Kiln & Co. Ltd. has released updated forecasts for its four Lloyd's syndicates accounts for 2006/07.

The company, which is wholly owned by The Tokio Marine & Nichido Fire Insurance Co. Ltd., also has a capacity of $843 million for 2008, with a proposed capacity of $805 million for 2009, a 4.5 percent change.

R J Kiln CEO Charles Franks said: "We are pleased to note that the 2006 year of account continues to develop in line with our expectations. The 2007 year has been adversely affected during the second quarter by a number of large industrial claims in the property account and by energy offshore construction claims.

"It's important to note, however, that the price ratings index figures - 93.9 percent of 2007 prices on average across the syndicates - are in line with our expectations for business written for 2008."