Intact completes acquisition of Tokio Marine's US construction unit

Intact completes acquisition of Tokio Marine's US construction unit | Insurance Business America

Intact completes acquisition of Tokio Marine's US construction unit

Intact Insurance Group USA, doing business under the brand Intact Insurance Specialty Solutions, has announced that it has completed the acquisition of Highland Insurance Solutions, the US construction division of Tokio Marine Highland, from Tokio Marine Kiln.

“We are pleased to officially welcome RIck Girden, Kaileigh Bowe and the entire Highland team to Intact,” said T. Michael Miller, CEO of global specialty lines at Intact. “Highland is a strategically aligned acquisition for Intact Global Specialty Lines – it expands our specialty offering and supports our growth, distribution and outperformance objectives. With the closing of the transaction, we shift our focus to onboarding the Highland platform to Intact, supporting the team and leveraging their expertise to grow the business and outperform.”

Read more: Tokio Marine to sell off US construction division

Highland will operate as a standalone managing general agent, available to its clients and broker partners through its current select markets and now also through Intact.

Highland is a specialty MGA focusing on the wood-frame builders risk segment of the construction market.