PLYMOUTH, Minn., Aug. 1, 2022
/PRNewswire/ -- Intact Insurance Group USA LLC (Intact), doing business under the
brand name Intact Insurance Specialty Solutions, announced today
that it has completed the acquisition of Highland Insurance
Solutions ("Highland"), the U.S. construction division of Tokio
Marine Highland (TMH), from Tokio Marine Kiln (TMK), having
received all required regulatory approvals and all other closing
conditions having been met.
"We are pleased to officially welcome Rick Girden, Kaileigh
Bowe and the entire Highland team to Intact," says T.
Michael Miller, Chief Executive
Officer, Global Specialty Lines, 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."
Highland will operate as a standalone managing general agent,
available to serve the risk management needs of its clients and
broker partners through its current select markets, and now
additionally though Intact. Highland is a managing general agent
specializing in the wood frame builders risk segment of the
construction market and will expand Intact's portfolio of owned
distribution assets.
About Intact Insurance Specialty
Solutions: Throughout the United States, Intact Insurance
Specialty Solutions' underwriting companies offer a broad range of
specialty insurance products through independent agencies, regional
and national brokers, wholesalers and managing general agencies.
Each business is managed by an experienced team of specialty
insurance professionals focused on a specific customer group or
industry segment and providing distinct products and tailored
coverages and services. Targeted solutions include group accident
and health; commercial and contract surety; entertainment;
environmental; excess property; financial institutions; financial
services; inland marine; management liability; ocean marine;
technology; and tuition refund. For further information about U.S.
products and services visit: intactspecialty.com.
Intact Insurance Specialty Solutions is the marketing brand for
the insurance company subsidiaries of Intact Insurance Group
USA LLC, a subsidiary of Intact
Financial Corporation (TSX: IFC), the largest provider of property
and casualty insurance in Canada,
a leading provider of global specialty insurance, and, with RSA, a
leader in the U.K. and Ireland.
The insurance company subsidiaries of Intact Insurance Group
USA LLC include Atlantic Specialty
Insurance Company, a New York
insurer, Homeland Insurance Company of New York, a New
York insurer, Homeland Insurance Company of Delaware, a Delaware insurer, OBI America Insurance
Company, a Pennsylvania insurer,
OBI National Insurance Company, a Pennsylvania insurer, and The Guarantee
Company of North America USA, a
Michigan insurer. Each of these
insurers maintains its principal place of business at 605 Highway
169 N, Plymouth, MN 55441, except
The Guarantee Company of North America USA, which is located at One Towne Square,
Southfield, MI 48076. For
information about Intact Financial Corporation, visit:
intactfc.com.
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SOURCE Intact Insurance Specialty Solutions
