Insurance Day is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

TMK sells Highland US construction business to Intact

Intact says its new acquisition 'adds a complementary offering to the more than 20 specialty lines available to our brokers and customers'

MGA Tokio Marine Highland’s construction business provides primary and excess builders risk insurance in the US

Tokio Marine Kiln (TMK) has agreed to sell the US construction division of its underwriting agency Tokio Marine Highland to Intact Insurance Group USA.

Illinois-based Tokio Marine Highland’s construction business provides primary and excess builders risk insurance in the US. Rick Girden, president, and Kaileigh Bowe, executive vice-president, lead the company.

TMK said Tokio Marine Highland remained core to its existing business. “We are excited about the profitable growth opportunities of its existing business, which includes flood, lender-placed insurance and fine arts,” Brad Irick, Tokio Marine Kiln chief executive, said.

Michael Miller, chief executive of Intact Global Specialty Lines, added: “Highland has established itself in providing specialised insurance and adds a complementary offering to the more than 20 specialty lines available to our brokers and customers.”

The sale is subject to customary regulatory approvals and is expected to close in the second half of 2022.

Intact Insurance Group is a subsidiary of Intact Financial Corporation, the largest provider of property/casualty insurance in Canada.

Topics

UsernamePublicRestriction

Register

ID1140950

Ask The Analyst

Ask The Analyst - Ask Your Question Send your question to our team of expert analysts. You can: • Ask for background information on/explanation of articles in Insurance Day * • Find out more about our views on industry developments • Ask for an interpretation of market trends • Source supplementary data relating to articles • Request explanations to further your understanding of current issues (* This relates to any Insurance Day that is included as part of your subscription) We will do the research and get back to you personally with the information you need.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel