Tokio Marine Kiln Insurance to go into run-off
The Group will focus instead on Lloyd’s business through its syndicates as the move places a small number of roles at risk of redundancy.
Tokio Marine Kiln Insurance (TMKI) is to stop accepting business as of 1 July 2019.
The move, which Tokio Marine said would improve efficiency, places some jobs at risk of redundancy but it is understood that only a small number of roles will be affected.
The provider detailed that portfolios of UK property, liability, marine, and engineering risks currently underwritten through TMKI, will be placed into run-off.
Reorganisation
Charles Franks, CEO of Tokio Marine Kiln, said: “This
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