Kiln buys 49% of Lloyd’s cyber coverholder NAS


Kiln has purchased a 49% stake in NAS Insurance, one of the largest cyber producers in the Lloyd’s market.

Based in Los Angeles, NAS underwrites a range of specialty professional liability, legeal expense, healthcare, entertainment and reinsurance products including cyber and medical billing errors.

The company wrote premium in excess of $75m (£45m) in 2013.

Terms of the deal have not been disclosed, and NAS will retain both its existing management and brand.

The remaining 51% will be held by existing shareholders.

Announcing the deal, Tokio Marine Kiln group chief executive Charles Franks said: "Through this deal, which is supported by our parent Tokio Marine, we will continue to capitalise on NAS's high quality underwriting capabilities, strong management team and proven track record of generating profits, as we continue to enhance our distribution capabilities in strategically important territories around the world.

"Kiln was founded on strong relationships and empowered underwriting, and we remain committed to building and maintaining long-term, profitable partnerships with high quality businesses."

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: