Intact Financial completed the acquisition of The Guarantee Company of North America and Frank Cowan Company for $753m.

Intact Financial, the provider of property and casualty insurance in Canada, completed the acquisition of The Guarantee Company of North America, a specialty lines insurer in Canada and the US, and Frank Cowan Company, a managing general agent focused on specialty insurance, for $753m. "Closing this transaction represents meaningful progress on our strategic objectives. After months of working together on integration planning, we can now welcome The Guarantee and Frank Cowan employees into the Intact family. We look forward to continuing to work together to advance our goals of bolstering our leadership position in Canada while building a leading North American specialty insurer," Charles Brindamour, Intact Financial Chief Executive Officer.