Intact Financial Corporation: Our company today

Intact Financial Corporation (TSX: 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 over CAD$11 billion in total annual premiums. The Company has approximately 16,000 full- and part-time employees who serve more than five million personal, business and public sector clients through offices in Canada and the U.S.

In Canada, Intact distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect. Frank Cowan Company, a leading MGA, distributes public entity insurance programs including risk and claims management services in Canada.

In the U.S., Intact Insurance Specialty Solutions provides a range of specialty insurance products and services through independent agencies, regional and national brokers, and wholesalers and managing general agencies. Products are underwritten by the insurance company subsidiaries of Intact Insurance Group USA, LLC.

In Canada, Intact provides repair and restoration services through its subsidiary On Side Restoration, a leading restoration company, restoring damaged homes and businesses.

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 & the United States

We have been growing across North America 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
  • 2019: acquired On Side Restoration, a leading restoration company, restoring damaged homes and businesses in Canada. Intact will gain full ownership of On Side Restoration over a two-year period. The transaction will strengthen repair and restoration services for personal and commercial property claims customers across Canada.
  • 2019: acquired The Guarantee Company of North America, a specialty lines insurer in Canada and the U.S., and Frank Cowan Company Limited, a managing general agent focused on specialty insurance.