Intact Financial Mergers and Acquisitions Summary

Insurance Company

Intact Financial has acquired 10 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Intact Financial’s largest acquisition to date was in 2020, when it acquired RSA Insurance Group for $11.1B. It’s largest disclosed sale occurred in 2012, when it sold AXA Life Insurance to SSQ Life Insurance for $300M. Intact Financial has acquired in 3 countries. The Company’s most targeted sectors include insurance (100%).

Join Mergr and gain access to Intact Financial’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 6

Intact Financial Corp.

700 University Avenue Suite 1500-A,
Toronto, Ontario M5G 0A1
Canada,
(416) 941-5336
www.intactfc.com

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


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 6 1 - 2 1 - 10
vol $3.3B $1.7B $11.1B $16.0B
Sell (0.0/yr) # 2 - - - - - 2
vol $300M $300M
  12

Most Recent M&A

Company Date Value Type
RSA Insurance Group plc 2020-11-18 11.1B GBP Add-on Acquisition
London, United Kingdom · www.rsagroup.com
The Guarantee Company of North America 2019-08-16 - Add-on Acquisition
Toronto, Ontario · www.theguarantee.com
Frank Cowan Co. 2019-08-15 - Add-on Acquisition
Princeton, Ontario · www.frankcowan.com
Onebeacon Insurance Group Ltd. 2017-05-02 1.7B USD Add-on Acquisition
Hamilton, Bermuda · www.onebeacon.com
Canadian Direct Insurance, Inc. 2015-05-01 - Divestiture
Vancouver, British Columbia · www.canadiandirect.com
Metro General Insurance Corporation Ltd. 2014-02-21 - Add-on Acquisition
St. John's, Newfoundland
South Western Insurance Group Ltd. 2012-12-05 - Divestiture
Toronto, Ontario · www.swgins.com
Jevco Insurance Co. 2012-05-02 530M USD Add-on Acquisition
Mississauga, Ontario · www.jevco.ca
AXA Life Insurance, Inc. 2012-01-04 300M USD Divestiture
, Canada
AXA Canada Inc. 2011-09-26 2.6B USD Divestiture
Montreal, Quebec
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 10 (100%) 16.0B (100%) 2 (100%) 300M (100%)
Total 10 $16.0B 2 $300M

By Geo

State/Country Buy Value Sell Value
Canada 8 3.3B 2 300M
  Ontario 5 666M 1 -
  Quebec 1 2.6B - -
  Newfoundland 1 - - -
  British Columbia 1 - - -
Bermuda 1 1.7B - -
United Kingdom 1 11.1B - -
Domestic 8 (80%) 3.3B (20%) 2 (100%) 300M (100%)
Cross-border 2 (20%) 12.8B (80%) - -
Total 10 $16.0B 2 $300M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Goldman Sachs Investment Banking Division
1
Legal Deals
Blake, Cassels & Graydon LLP
2
Gorrissen Federspiel Advokatpartnerselskab
1
Clifford Chance LLP
1

Deal Values

buy # Total
> $1B 3 $15.4B
$100M to $1B 2 $666M
TOTAL $16.0B
Largest RSA Insurance Group plc
$11.1B (2020-11-18)
sell # Total
$100M to $1B 1 $300M
TOTAL $300M
Largest AXA Life Insurance, Inc.
$300M (2012-01-04)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
20%
2 (20%)
Divested to
Strategic(s)
100%
2 (100%)

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