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

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

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

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


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