Announced
Financials
Tags
Full Line Insurance
personal insurance
Acquisition
Majority
Private
Single Bidder
United Kingdom
Domestic
Pending
Friendly
Synopsis
Admiral Group, a British financial services company, agreed to acquire the UK direct Personal Lines operations of Intact Financial, the largest provider of property and casualty insurance in Canada, for £115m. "The exit from the UK personal lines market sharpens RSA's focus as a leading UK commercial and specialty lines player, accelerating our ability to deliver sustainable outperformance in the UK&I segment," Charles Brindamour, Intact Financial CEO.
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