He has since worked for Wellington Underwriting and Equitas, re-joining Kiln in August 2001 to manage the outward reinsurance processing operation.

Guy Hillyard - Outward Reinsurance Processing Manager Guy had previously worked for Kiln between 1979 and 1988, leaving to underwrite his own Aviation account.

As CRO, he is responsible for the units Group Risk Management, Group Buyer Underwriting, Risk Services and Outward Reinsurance.

Outgoing or outward reinsurance premiums, i.e. all amounts paid and payable by the undertaking concerned to get reinsurance cover, are only costs related to the provision of insurance coverage and are not to be deducted from the gross premiums written.

The agency remains concerned with RIC's outward reinsurance placements with local reinsurers with low or no ratings as it increases the potential vulnerability of the company's capital, particularly taking into account the nature of the risks RIC writes.