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.
Plymouth Rock Launches ChatGPT for Home Insurance Quotes 
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market? 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds 
