Tokio Marine to buy Kiln


Tokio Marine to buy Kiln

LONDON? Tokio Marine & Nichido Fire Insurance Co. Ltd., part of Tokyo-based Millea Holdings Inc., has reached an agreement to acquire Lloyd?s of London insurer Kiln Ltd. for £442.2 million ($897.9 million) in cash. The acquisition of Kiln will take a pivotal role in the expansion of the...

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