Intact Acquires Illinois-Based Tokio Marine Highlands US Construction Division

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.