KGM increases underwriting capacity

A capacity of £73 million has been secured from its capital providers, which includes traditional Lloyd's names.

Active underwriter, Colin Hart, commented: "This increase has been secured on the back of our 50-year history of delivering profitable returns and an exceptional 2008, which will see KGM exceed its income forecasts and achieve a capacity utilisation of 100%. Gross written premium is forecast to reach £58.8 million, representing a 20% growth on last year.

"Whilst the economic climate is