Tokio Marine complete acquistion of Kiln
Tokio Marine and Nichido Fire Insurance has completed its acquisition of Kiln.
As a consequence, Kiln has now been delisted from the London Stock Exchange and has joined Millea Group as a wholly-owned subsidiary of TMNF.
Following agreement with the management of Kiln, the amalgamation was approved by more than 99% of Kiln shareholders at a special general meeting held on 13 February. All necessary regulatory approvals were completed on 10 March.
Shuzo Sumi, Millea president, said: “I am delighted for all parties involved that we have now concluded this landmark deal
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