M&A Deal Summary

Intact Acquires Metro General Insurance

On February 21, 2014, Intact acquired insurance company Metro General Insurance

Acquisition Highlights
  • This is Intact’s 5th transaction in the Insurance sector.
  • This is Intact’s 5th transaction in Canada.
  • This is Intact’s 1st transaction in Newfoundland.

M&A Deal Summary
Date 2014-02-21
Target Metro General Insurance
Sector Insurance
Buyer(s) Intact
Deal Type Add-on Acquisition

Target

Metro General Insurance

St. John's, Newfoundland, Canada
Metro General Insurance Corporation Ltd. is a privately owned property and casualty insurance company, offer home, auto and liability insurance to consumers through a network of brokers located throughout Newfoundland and Labrador and in rural Nova Scotia.

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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 5 of 11
Sector (Insurance) 5 of 11
Type (Add-on Acquisition) 4 of 8
State (Newfoundland) 1 of 1
Country (Canada) 5 of 8
Year (2014) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Canadian Direct Insurance

Vancouver, British Columbia, Canada

Canadian Direct Insurance, Inc. is a property and casualty insurance company that provides personal insurance solutions throughout British Columbia and Alberta.

Buy -
Mergr

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