Tokio Marine Kiln has bought the remaining 51 percent share in Irvine, Calif.-based WNC Holdings.
WNC, a managing general underwriter, provides a range of specialty risk management solutions including private flood, builders’ risk and lender–placed products.
It expects approximately $200 million of net written premium in 2018.
TMK has worked in partnership with WNC since 1986 and acquired a 49 percent share of the company in June 2011. WNC will retain its existing brand as it continues to drive growth in its flood and construction divisions and launches its homeowner’s select product for mortgage servicers.
Topics California Mergers & Acquisitions
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