Kiln sells its stake in UPC’s Journey for $18.3mn
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider ILS is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Kiln sells its stake in UPC’s Journey for $18.3mn

handshake money m&a.jpg

RJ Kiln has sold out its stake in Journey Insurance Company (JIC), selling 2 million shares of common stock for $18.3mn in cash.

The payment equalled a third of JIC’s statutory surplus as of 31 May 2022.

United Insurance Holdings Corp (UPC Insurance), JIC and Kiln also agreed to terminate the stockholders agreement among them, effective 1 June 2022.

UPC

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article