M&A Deal Summary

Intact Acquires Jevco Insurance

On May 2, 2012, Intact acquired insurance company Jevco Insurance from The Westaim for 530M USD

Acquisition Highlights
  • This is Intact’s 4th transaction in the Insurance sector.
  • This is Intact’s 4th largest (disclosed) transaction.
  • This is Intact’s 4th transaction in Canada.
  • This is Intact’s 3rd transaction in Ontario.

M&A Deal Summary

Date 2012-05-02
Target Jevco Insurance
Sector Insurance
Buyer(s) Intact
Sellers(s) The Westaim
Deal Type Add-on Acquisition
Deal Value 530M USD

Target

Jevco Insurance

Mississauga, Ontario, Canada
website
Jevco Insurance Co. is a provider of specialty and niche insurance products for individuals and businesses in Canada.

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Buyer(S) 1

Buyer

Intact

Toronto, Ontario, Canada

website


Category Company
Founded 1809
Sector Insurance
Employees28,500
Revenue 17.5B CAD (2021)
DESCRIPTION

Intact is a provider of property and casualty insurance in Canada with $7.3 billion in premiums. Intact was founded in 1809 and is based in Toronto, Canada.


DEAL STATS #
Overall 4 of 11
Sector (Insurance) 4 of 11
Type (Add-on Acquisition) 3 of 8
State (Ontario) 3 of 5
Country (Canada) 4 of 8
Year (2012) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-04 AXA Life Insurance

Canada

AXA Life Insurance, Inc. is a provider of health and life insurance services.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-05 South Western Insurance Group

Toronto, Ontario, Canada

South Western Insurance Group Ltd. is a Wholesale Insurance Intermediary/Managing General Agent offering a broad range of insurance solutions for specialty, niche, program and hard-to-place business. South Western has provided underwriting expertise to insurance brokers across Canada.

Sell -

Seller(S) 1

DESCRIPTION

The Westaim Corporation is a publicly traded Canadian investment company that specializes in providing long-term capital to businesses operating primarily within the global financial services industry. Westaim invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Westaim was formed in 1996 and is based in Toronto.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-11 Skyward Specialty Insurance Group

Houston, Texas, United States

Skyward Specialty is a property and casualty insurance holding company with nearly a billion dollars in premium and $2BN in assets. The company has highly respected businesses in specialty lines including management and professional liability, medical stop-loss, surety, E&S property and liability, and large commercial property, programs, as well as multi-line solutions for the energy, trucking, and construction industries. Skyward Specialty was formed in 2006 and is based in Houston, Texas.

Buy -