M&A Deal Summary

SSQ Life Insurance Co. Acquires AXA Life Insurance

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

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

M&A Deal Summary

Date 2012-01-04
Target AXA Life Insurance
Sector Insurance
Buyer(s) SSQ Life Insurance Co.
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 Co.

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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Intact

Toronto, Ontario, Canada

Category Company
Founded 1809
Sector Insurance
Employees31,000
Revenue 23.7B CAD (2024)
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, Ontario.


DEAL STATS #
Overall 1 of 4
Sector: Insurance M&A 1 of 4
Type: Divestiture M&A Deals 1 of 4
Country: Canada M&A 1 of 3
Year: 2012 M&A 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 Co.

Mississauga, Ontario, Canada

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

Buy $530M