Intact Financial Corporation: Our company today

Intact Financial Corporation (IFC) is the largest provider of property and casualty (P&C) insurance in Canada and a leading provider of specialty insurance in North America, with close to $10 billion in total annual premiums. We serve more than five million personal, business, public sector and institutional clients through offices in Canada and the U.S. In Canada, we distribute insurance under the Intact Insurance brand through a wide network of brokers, including our wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect. In the U.S., OneBeacon Insurance Group, Ltd., a wholly-owned subsidiary, provides specialty insurance products through independent agencies, brokers, wholesalers and managing general agencies.

We became a widely-held Canadian company and changed our name from ING Canada to Intact Financial Corporation in 2009. Learn more about our financial performance (TSX: IFC) via Investor Relations.

Our early history

Intact has a long and proud Canadian history. We are one of Canada’s oldest companies. Our roots date back to 1809 when a group of business people formed the Halifax Fire Insurance Association, later known as the Halifax Insurance Company. In the late 1950s, following the post-war Dutch immigration, the Nationale-Nederlanden, then one of the largest insurance companies in the Netherlands came to Canada and acquired the Halifax Insurance Company.

Growing across Canada

We have been growing across Canada over the years. Here are some milestones:

  • 1980s: acquired three well-known regional insurers - Commerce Group and Belair in Quebec, and Western Union in Alberta
  • 1991: Nationale-Nederlanden merged with NMB Postbank to create ING Group, one of the first bancassurance groups in the world
  • 1993: we brought together the separate entities under the umbrella of ING Canada
  • 1998: acquired Guardian Insurance’s business in Canada
  • 2001: acquired Zurich Canada’s home, auto and small and medium business insurance portfolio. Halifax Insurance Company, Commerce Group and Western Union were later merged to form ING Insurance. Belair became the first company in North America to offer insurance products online under the name belairdirect
  • 2004: acquired Allianz Canada. This was soon followed by our Initial Public Offering, and we started trading on the Toronto Stock Exchange with ING Group retaining 70% ownership
  • 2009: ING Canada became Intact Financial Corporation, with 100% of its common shares traded on the TSX following ING Group’s divestiture of its holdings
  • 2011: acquired AXA Canada Inc., the 6th largest property and casualty insurance provider in the country
  • 2012: acquired Jevco Insurance Company, a leading provider of specialty and niche insurance products for individuals and businesses in Canada
  • 2015: acquired Canadian Direct Insurance Inc. (CDI), a property and casualty insurance company providing direct-to-consumer personal insurance solutions throughout British Columbia and Alberta. CDI was subsequently integrated with belairdirect, expanding its operations from coast to coast
  • 2017: acquired OneBeacon Insurance Group, Ltd.; a leading U.S. specialty insurer focused on small to midsize businesses. The transaction makes us a leading speciality insurer in North America with over C$2 billion in annual premiums