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Intact Financial Corporation Completes Acquisition of U.S. Specialty Insurer OneBeacon Insurance Group, Ltd. and Announces Executive Appointment

September 28, 2017

TORONTO, Sept. 28, 2017 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced that it has completed its C$2.3 billion (US$1.7 billion) acquisition of U.S. specialty insurer OneBeacon Insurance Group, Ltd. (OneBeacon). The acquisition makes IFC a leading provider of specialty insurance in North America with over C$2 billion in combined annual premiums focusing on small to midsize businesses.

"The completion of this transaction represents a defining milestone in our history and our journey to build a world-class P&C insurer by combining Intact's leading commercial lines track record and deep data, claims and digital expertise with OneBeacon's high caliber team and specialty lines capabilities," said Charles Brindamour, Chief Executive Officer of Intact Financial Corporation.

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