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Kiln enters space market

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Kiln, the international insurance and reinsurance underwriting group, announced toady its entry into the space market with the appointment of specialist space underwriter, Laurent Esquirol, who will write business from its Paris office.

Laurent has 15 years experience in the sector, having worked for seven years in the space industry before moving to SCOR where, as senior space underwriter for eight years, he developed the space book into a successful business. He will join aviation underwriter Philippe Daouphars in Paris on 2 November 2009.

Capacity for the new account will be supplied by Kiln syndicates 510 and 1880, subject to Lloyd’s approval.

Olivier Terlinden, regional managing director for Europe said: “It is fantastic to be able to attract someone of Laurent’s calibre and experience to Kiln. Paris has long been recognised as a focal point for space insurance, and Laurent’s track record and the strength of his relationships in this specialist area will complement Kiln’s existing aviation business.

Laurent Esquirol said: “I am delighted to be joining Kiln, a business with such an excellent reputation, and ambition to grow in Europe. I look forward to developing this new area at Kiln.