M&A Deal Summary

Intact Acquires The Guarantee Company of North America

On August 16, 2019, Intact acquired insurance company The Guarantee Company of North America

Acquisition Highlights
  • This is Intact’s 9th transaction in the Insurance sector.
  • This is Intact’s 8th transaction in Canada.
  • This is Intact’s 5th transaction in Ontario.

M&A Deal Summary
Date 2019-08-16
Target The Guarantee Company of North America
Sector Insurance
Buyer(s) Intact
Deal Type Add-on Acquisition

Target

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.

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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 9 of 11
Sector (Insurance) 9 of 11
Type (Add-on Acquisition) 7 of 8
State (Ontario) 5 of 5
Country (Canada) 8 of 8
Year (2019) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 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.

Buy £7.2B
Mergr

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