M&A Deal Summary

Intact Acquires Highland

On June 17, 2022, Intact acquired insurance company Highland from Tokio Marine Kiln Insurance Services

Acquisition Highlights
  • This is Intact’s 11th transaction in the Insurance sector.
  • This is Intact’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-06-17
Target Highland
Sector Insurance
Buyer(s) Intact
Sellers(s) Tokio Marine Kiln Insurance Services
Deal Type Divestiture

Target

Highland

United Kingdom
Highland is a managing general agent specializing in the builders risk segment of the construction market.

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Buyer(S) 1

Buyer

Intact

Toronto, Ontario, Canada

Category Company
Founded 1809
Sector Insurance
Employees31,000
Revenue 23.7B CAD (2024)
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, Ontario.


DEAL STATS #
Overall 11 of 11
Sector: Insurance M&A 11 of 11
Type: Divestiture M&A Deals 3 of 3
Country: United Kingdom M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 Codan

Copenhagen,, Denmark

Codan is a provider of various non-life insurance products to individuals and companies. The company was established in 1916 and is the fourth-largest non-life insurance company in Denmark with a market share of approximately 9%. Codan assists around 240,000 households and 50,000 corporate customers.

Sell kr.12.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-21 Guarantee Company of North America

Toronto, Ontario, Canada

Guarantee Company of North America is a Canadian-owned insurance company with customers in Canada and the U.S. Two-thirds of its business is specialty lines and surety, and one-third is personal lines, including a high net worth home and auto insurance portfolio in Canada. Guarantee Company of North America was founded in 1872 and is based in Toronto, Ontario.

Sell -

Seller(S) 1

SELLER

Tokio Marine Kiln Insurance Services

London, United Kingdom

Category Company
Sector Insurance
DESCRIPTION

Tokio Marine Kiln Insurance Services Ltd. provides insurance services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-09 WNCFirst Insurance Services

Pasadena, California, United States

WNCFirst Insurance Services, Inc. is a specialty insurance products sold to financial institutions. The Company acts as a distribution channel for Lloyds of London and other specialty carriers, providing lender-placed coverage, including flood and wind insurance, as well as certain voluntary coverages.

Buy -