Tokio Marine Kiln (TMK) has completed its sale of Tokio Marine Highland’s (TMH) US construction division to Intact Insurance Group USA LLC (Intact) with effect from 1 August 2022.
The construction division, ‘Highland’, led by Rick Girden, President, and Kaileigh Bowe, EVP, employs approximately 40 people and is headquartered in Naperville, Illinois, all of whom have transferred to Intact.
Brad Irick, TMK CEO, said: “TMK is pleased that the Highland team has joined a company the calibre of Intact where they will be able to continue to build their business and maximize its potential.
“TMH remains core to TMK, and we are excited about the profitable growth opportunities of its existing business that includes flood, lender-placed insurance and fine arts.”