M&A Deal Summary

Intact Acquires Onebeacon Insurance Group

On May 2, 2017, Intact acquired insurance company Onebeacon Insurance Group for 1.7B USD

Acquisition Highlights
  • This is Intact’s 7th transaction in the Insurance sector.
  • This is Intact’s 3rd largest (disclosed) transaction.
  • This is Intact’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2017-05-02
Target Onebeacon Insurance Group
Sector Insurance
Buyer(s) Intact
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Onebeacon Insurance Group

Hamilton, Bermuda
Onebeacon Insurance Group Ltd. is a provider of specialty insurance solutions. It offers a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Onebeacon Insurance Group Ltd. was established in 2001 and is headquartered in Hamilton, Bermuda.

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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 7 of 11
Sector (Insurance) 7 of 11
Type (Add-on Acquisition) 5 of 8
Country (Bermuda) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 Frank Cowan

Princeton, Ontario, Canada

Frank Cowan Co. is a specialized insurance program to public entities across Canada. Frank Cowan Co. offers coverage placement, risk management consultation, and claims services for municipalities, healthcare, education, community, children's and social service organizations.

Buy -
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