The Tokio Marine Group is to put its UK based company Tokio Marine Kiln Insurance (TMKI) into run off in a restructuring of its business.
Tokio Marine said in a statement: “ TMKI will stop accepting business from 1 July 2019, apart from Japanese accounts which will be unaffected until 1 January 2020 when they will be underwritten by TMK’s sister company Tokio Marine HCC (TMHCC).
“The company will ensure an orderly run-off and that all policies and valid claims are properly serviced.”
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