Tokio Marine complete acquistion 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.