Tokio Marine to land $186mn from TM Highland’s construction book sale to Intact
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Tokio Marine to land $186mn from TM Highland’s construction book sale to Intact

Tokio Marine logo funds finance.jpg

Tokio Marine Kiln is set to book a cash consideration of ~$186mn (C$239mn) from the sale of MGA Tokio Marine Highland’s (TMH) US construction portfolio to Canadian insurer Intact Global Specialty.

Tokio Marine and Intact struck the agreement in June, around six months after this publication revealed that TMH had put its fast growing ~$125mn construction book up for sale.

The

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