Intact Specialty to acquire TM Highland’s construction division
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Intact Specialty to acquire TM Highland’s construction division

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Canadian carrier Intact Global Specialty Lines has signed an agreement to buy the US construction division of MGA Tokio Marine Highland (TMH).

TMH is owned by Lloyd’s business Tokio Marine Kiln and is primarily supported by the syndicate’s own paper.

As first revealed by Insurance Insider, the $125mn construction book was placed up for sale in January this year as part of...

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