Direct Line Insurance Group has entered into an agreement to sell its brokered commercial insurance business lines to RSA Insurance Limited, a subsidiary of Intact Financial Corporation. The transaction includes an initial consideration of £520 million, with a potential earn-out of up to £30 million contingent on financial performance. The sale is expected to significantly […]
Intact Financial, a Canadian insurance giant, and Danish insurance company Tryg have struck a deal to acquire British insurance group RSA for nearly £7.2 billion in cash. RSA operates in the general insurance markets of the UK, Scandinavia, and also Canada. The company also has a presence in Ireland, Continental Europe, and the Middle East. […]
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 […]