Tokio Marine Kiln reached an agreement with Intact Insurance Group USA LLC for the sale of Tokio Marine Highland’s (TMH) US construction division. The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2022.
TMH’s construction business, Highland, provides primary and excess builders risk insurance in the US. The division, led by Rick Girden, President, and Kaileigh Bowe, EVP, employs approximately 40 people and is headquartered in Naperville, Illinois.
Was this article valuable?
Here are more articles you may enjoy.
GEICO Avoids Class Action Over Totaled Vehicle Payouts in New Jersey 
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California 
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
