Intact Financial, RSA to acquire Direct Line’s commercial lines for £520m

Intact Financial, RSA to acquire Direct Line’s commercial lines for £520m

Intact Financial Corporation (TSX: IFC) and its subsidiary RSA have struck a deal to acquire Direct Line Insurance Group’s brokered Commercial Lines operations for an initial cash consideration of £520 million (C$884 million). The agreement also includes a potential contingent payment of up to a further £30 million (C$51 million), based on the future financial […]

Intact Financial to acquire Guarantee and Frank Cowan for C$1bn

Intact Financial to acquire Guarantee and Frank Cowan for C$1bn

Intact Financial has agreed to acquire The Guarantee Company of North America and Frank Cowan Company from Princeton Holdings for C$1 billion, as per the latest insurance acquisition news. The acquisition is expected to strengthen Intact’s position in Canada, bringing the firm’s annual North American specialty lines direct premiums close to C$3 billion. The Guarantee […]