Intact Ventures

Intact Ventures is a subsidiary of Intact Financial Corporation, which specializes in property and casualty insurance in Canada and the United States. The company provides a wide range of insurance products tailored to both individuals and businesses. Its offerings include personal auto insurance, coverage for recreational vehicles, and protection for homes and personal property against various risks. For commercial clients, Intact Ventures delivers insurance solutions for small and medium-sized enterprises, covering commercial property, liability, and vehicles. Additionally, the company offers specialty insurance products catering to diverse sectors such as technology, healthcare, and entertainment. Intact Ventures markets its services under several well-known brands, including Intact Insurance and belairdirect, utilizing a vast network of brokers and independent agencies to reach customers effectively. Founded in 1809 and based in Toronto, Intact Financial Corporation has established itself as a significant player in the insurance industry.

Aaron Hoffman

Senior Associate

Justin Smith-Lorenzetti

Vice President, Investments

Past deals in Motor Insurance

Urban Jungle

Series A in 2022
Urban Jungle Services Ltd. operates an insurance platform designed to provide insurance for people who rent and share housing in the city. The company's insurance policy allows housemates to split the bill between themselves and change names if someone moves out. The policy offers protection for deposits and shared possessions, enabling young professional to save money by getting accessible home insurance. The insurance policy covers all home contents, smartphone, valuables, multiple bikes, security deposits, and emergency expenses from flood, fire, storm damage, theft, and accidental damage. Urban Jungle Services Ltd. was founded in 2016 and is based in London, United Kingdom.

Acko

Series D in 2021
Acko General Insurance Limited is a digital insurance company based in Mumbai, India, founded in 2016 by Varun Dua and Ruchi Deepak. The company specializes in offering micro-insurance products, including Ola Trip Insurance for cab passengers, as well as motor, car, and two-wheeler insurance. Acko operates entirely online, providing personalized insurance solutions tailored to user consumption behaviors. In addition to its core offerings, the company has expanded into healthcare insurance and provides information on various topics related to insurance, such as driving licenses, traffic rules, and online policy comparisons. Acko aims to simplify the insurance experience for consumers by leveraging digital technology.

Acko

Series D in 2020
Acko General Insurance Limited is a digital insurance company based in Mumbai, India, founded in 2016 by Varun Dua and Ruchi Deepak. The company specializes in offering micro-insurance products, including Ola Trip Insurance for cab passengers, as well as motor, car, and two-wheeler insurance. Acko operates entirely online, providing personalized insurance solutions tailored to user consumption behaviors. In addition to its core offerings, the company has expanded into healthcare insurance and provides information on various topics related to insurance, such as driving licenses, traffic rules, and online policy comparisons. Acko aims to simplify the insurance experience for consumers by leveraging digital technology.
The Guarantee Company of North America is a Canadian-owned insurance company with customers in Canada and the U.S. Two-thirds of its business is specialty lines and surety and one-third personal lines including a high net worth home and auto insurance portfolio in Canada.

Minuto Seguros

Venture Round in 2019
Minuto Seguros is an insurance brokerage company based in São Paulo, Brazil, established in 1993. The firm specializes in providing a wide range of insurance products for individuals and families, including auto, personal accident, home, life, and travel insurance. Additionally, Minuto Seguros offers business insurance to protect corporate assets against risks such as fires, thefts, and natural disasters, along with health, life, and dental insurance for employee benefits. The company operates through multiple channels, including telephone, email, SMS, and online chat, ensuring accessible support and guidance from specialized consultants. Minuto Seguros emphasizes a user-friendly online platform, allowing clients to easily search for and purchase personalized insurance policies, providing them with the freedom to research options and make informed decisions.

Acko

Series C in 2019
Acko General Insurance Limited is a digital insurance company based in Mumbai, India, founded in 2016 by Varun Dua and Ruchi Deepak. The company specializes in offering micro-insurance products, including Ola Trip Insurance for cab passengers, as well as motor, car, and two-wheeler insurance. Acko operates entirely online, providing personalized insurance solutions tailored to user consumption behaviors. In addition to its core offerings, the company has expanded into healthcare insurance and provides information on various topics related to insurance, such as driving licenses, traffic rules, and online policy comparisons. Acko aims to simplify the insurance experience for consumers by leveraging digital technology.

Metromile

Series E in 2018
Metromile is the provider of pay-per-mile car insurance company in the U.S. Powered by data science and machine learning, the company is disrupting a $250 billion auto insurance category. Metromile is building a loyal community of drivers who come for the savings and stay for the experience. AVA, Metromile's AI-driven claims system, is designed to speed up the process of verifying and paying out insurance claims. Using Metromile Pulse sensor data, AVA can reconstruct the scene of an accident to instantly determine if claim details are accurate. When the claim is verified, Metromile is able to automatically approve payments within seconds.

OneBeacon Insurance Group

Acquisition in 2017
OneBeacon Insurance Group, Ltd. provides specialty property and casualty insurance products and services through its subsidiaries. The company operates two main segments: Specialty Products and Specialty Industries. The Specialty Products segment offers a diverse range of coverages, including provider excess insurance, multi-line package solutions, various liability insurances, and environmental risk solutions. In contrast, the Specialty Industries segment focuses on property and casualty insurance tailored for specific sectors such as technology, life sciences, telecommunications, and entertainment. This segment also provides accident coverages and identity theft management services. OneBeacon's products are distributed through independent agencies, regional and national brokers, wholesalers, and managing general agencies across the United States. Headquartered in Hamilton, Bermuda, OneBeacon Insurance Group operates as a subsidiary of Intact Financial Corporation as of September 2017.

Metromile

Series D in 2016
Metromile is the provider of pay-per-mile car insurance company in the U.S. Powered by data science and machine learning, the company is disrupting a $250 billion auto insurance category. Metromile is building a loyal community of drivers who come for the savings and stay for the experience. AVA, Metromile's AI-driven claims system, is designed to speed up the process of verifying and paying out insurance claims. Using Metromile Pulse sensor data, AVA can reconstruct the scene of an accident to instantly determine if claim details are accurate. When the claim is verified, Metromile is able to automatically approve payments within seconds.

Canadian Direct Insurance

Acquisition in 2015
Canadian Direct Insurance (Canadian Direct) is a Canadian federally chartered property and casualty insurance company that provides personal insurance solutions for its customers in British Columbia and Alberta. As a competitive alternative to the Insurance Corporation of British Columbia (ICBC) Canadian Direct began by selling ‘optional’ auto insurance in BC in 1996. Our pioneering over-the-phone distribution model was the first of its kind in the province. It enables us to pass on significant cost-savings, and gives us the ability to provide sales, service, and claims functions directly to customers. Canadian Direct offers customers a range of personal auto, home and travel insurance options. Our advanced quoting system helps us offer our customers competitive discounts and coverages to meet their home and automobile insurance needs. Canadian Direct is committed to providing competitively priced insurance products, a fair and timely response to claims, and quality customer service. In 2015 Canadian Direct joined forces with belairdirect! In Alberta, the Canadian Direct operations will be integrated with belairdirect, Intact Financial Corporation’s existing direct-to-consumer brand. The Canadian Direct brand will be maintained and will continue to offer its products directly to customers.

Metro General Insurance Corporation Limited

Acquisition in 2014
Metro General Insurance Corporation Limited is a privately owned property and casualty insurance company domiciled in St. John's, Newfoundland. Metro General was incorporated in 1972. Its 23 employees offer home, auto and liability insurance to consumers through a network of brokers located throughout Newfoundland and Labrador and in rural Nova Scotia.

Jevco Insurance Company

Acquisition in 2012
Jevco Insurance Company is a prominent provider of specialty and niche insurance products based in Mississauga, Canada. The company specializes in offering a range of automobile insurance services, catering to both personal and commercial needs. By focusing on unique insurance solutions, Jevco addresses the diverse requirements of individuals and businesses, establishing itself as a key player in the Canadian insurance market.

AXA Canada

Acquisition in 2011
AXA Canada (www.axa.ca) and its 2,300 employees offer home, auto and business insurance as well as life insurance products through a network of 1,300 brokerages and 2,700 independent insurance advisors. In 2010, AXA Canada direct premiums written amounted to $2.0 billion making the company the 6th largest P&C insurer in the country. Over the last five years, the company has grown annually by more than 7% and has outperformed the industry with an average combined ratio of 92.2%.