M&A Deal Summary

SSQ Life Insurance Acquires AXA Life Insurance

On January 4, 2012, SSQ Life Insurance acquired insurance company AXA Life Insurance from Intact for 300M USD

Acquisition Highlights
  • This is SSQ Life Insurance’s 1st transaction in the Insurance sector.
  • This is SSQ Life Insurance’s largest (disclosed) transaction.
  • This is SSQ Life Insurance’s 1st transaction in Canada.

M&A Deal Summary

Date 2012-01-04
Target AXA Life Insurance
Sector Insurance
Buyer(s) SSQ Life Insurance
Sellers(s) Intact
Deal Type Divestiture
Deal Value 300M USD

Target

AXA Life Insurance

Canada
AXA Life Insurance, Inc. is a provider of health and life insurance services.

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Buyer(S) 1

Buyer

SSQ Life Insurance

Stn Sainte-Foy, Quebec, Canada

Category Company
Founded 1944
Sector Insurance
DESCRIPTION

SSQ, Life Insurance Co., Inc. is a provider of insurance and investment products for individuals and businesses.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 1 of 3
Sector (Insurance) 1 of 3
Type (Divestiture) 1 of 3
Country (Canada) 1 of 2
Year (2012) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-26 AXA Canada

Montreal, Quebec, Canada

AXA Canada Inc. is a provider of home, auto and business insurance in the country through a network of 1,300 brokerages and 2,700 independent insurance advisors.

Buy $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Jevco Insurance

Mississauga, Ontario, Canada

Jevco Insurance Co. is a provider of specialty and niche insurance products for individuals and businesses in Canada.

Buy $530M