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

Martha Muir
08 July 2022
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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

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Martha Muir
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