Tokio Marine Kiln has bought the remaining 51 percent share in Irvine, Calif.-based WNC Holdings.
WNC, a managing general underwriter, provides a range of specialty risk management solutions including private flood, builders’ risk and lender–placed products.
It expects approximately $200 million of net written premium in 2018.
TMK has worked in partnership with WNC since 1986 and acquired a 49 percent share of the company in June 2011. WNC will retain its existing brand as it continues to drive growth in its flood and construction divisions and launches its homeowner’s select product for mortgage servicers.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
