M&A Deal Summary

Intact and Tryg Acquire RSA

On November 18, 2020, Intact and Tryg acquired insurance company RSA for 7.2B GBP

Acquisition Highlights
  • This is Intact’s 10th and Tryg’s 1st transaction in the Insurance sector.
  • This is Intact’s and Tryg’s largest (disclosed) transaction.
  • This is Intact’s 1st and Tryg’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2020-11-18
Target RSA
Sector Insurance
Buyer(s) Intact
Tryg
Deal Type Add-on Acquisition
Deal Value 7.2B GBP

Target

RSA

London, United Kingdom
RSA is a multinational quoted insurance group. RSA has core operations in the UK, Scandinavia, Canada, Ireland, and Latin America, and has the capability to write business in around 140 countries. RSA is focusing on general insurance. RSA is based in London, the United Kingdom.

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Buyer(S) 2

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 10 of 11
Sector (Insurance) 10 of 11
Type (Add-on Acquisition) 8 of 8
Country (United Kingdom) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 The Guarantee Company of North America

Toronto, Ontario, Canada

The 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 personal lines including a high net worth home and auto insurance portfolio in Canada.

Buy -
FOLLOWING 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
Buyer

Tryg

Ballerup, Denmark
Category Company
Founded 1731
Sector Insurance
Employees6,734
Revenue 40.2B DKK (2023)
DESCRIPTION

Tryg is an operator of non-life insurance companies in the Nordic region with activities in Denmark, Norway, and Sweden. Tryg provides insurance services for more than 4 million customers on a daily basis. Tryg was founded in 1731 is based in Ballerup, Denmark.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING 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
Mergr

Product

Company

Legal