TMK sells US construction division

Intact Insurance Group has bought Tokio Marine Highland’s US construction division from Tokio Marine Kiln. The division provides primary and excess builders risk insurance in the US and employs around 40 people. It is headquartered in Naperville, Illinois.

Brad Irick, COE of Tokio Marine Kiln, said: “TMK is pleased that the Highland team is joining a company the calibre of Intact where they will be able to continue to build their business and maximize its potential.”

T Michael Miller, CEO 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. We look forward to welcoming the exemplary Highland team to Intact.”

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