M&A Deal Summary

Intact Acquires AXA Canada

On September 26, 2011, Intact acquired insurance company AXA Canada from AXA for 2.6B USD

Acquisition Highlights
  • This is Intact’s 3rd transaction in the Insurance sector.
  • This is Intact’s 2nd largest (disclosed) transaction.
  • This is Intact’s 3rd transaction in Canada.
  • This is Intact’s 1st transaction in Quebec.

M&A Deal Summary
Date 2011-09-26
Target AXA Canada
Sector Insurance
Buyer(s) Intact
Sellers(s) AXA
Deal Type Divestiture
Deal Value 2.6B USD

Target

AXA Canada

Montreal, Quebec, Canada
AXA Canada Inc. is a provider of home, auto and business insurance in the country through a network of 1,300 brokerages and 2,700 independent insurance advisors.

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Buyer(S) 1

Buyer

Intact

Toronto, Ontario, Canada
Category Company
Founded 1809
Sector Insurance
Employees30,000
Revenue 22.1B CAD (2023)
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 3 of 11
Sector (Insurance) 3 of 11
Type (Divestiture) 1 of 3
State (Quebec) 1 of 1
Country (Canada) 3 of 8
Year (2011) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Grey Power Insurance Brokers

Stouffville, Ontario, Canada

Grey Power Insurance Brokers, Inc. is a provider of home, automobile and travel insurance needs of those 50 years of age and older.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

AXA

Paris, France
Category Company
Founded 1852
Sector Insurance
Employees94,705
Revenue 93.1B EUR (2022)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.

DEAL STATS #
Overall 5 of 15
Sector (Insurance) 5 of 13
Type (Divestiture) 4 of 14
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2011) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Taikang Life Insurance

Beijing, China

Taikang Life Insurance Co. Ltd. is a financial insurance service group covering insurance, asset management, and medical care. Taikang Life Insurance Co. Ltd. was founded in 1996 and is based in Beijing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-24 Tianping Auto Insurance

Shanghai, China

Tianping Auto Insurance Co., Ltd. is a Chinese P&C insurer with strong direct distribution capabilities.

Buy -
Mergr

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