Intact Insurance

Intact Insurance, established in 1809, is a prominent Canadian insurance company offering a wide array of property and casualty insurance products. It provides personal lines such as auto, home, and recreational vehicle insurance, as well as commercial lines for small to medium-sized businesses. These include commercial property, liability, and vehicle insurance, catering to diverse industries like retail, manufacturing, and contracting. Intact Insurance distributes its products through a network of brokers, independent agencies, and directly to consumers under brands like Intact Insurance, belairdirect, and Brokerlink. The company is a subsidiary of Intact Financial Corporation and is headquartered in Toronto, Canada.

Ben Belec

Senior Associate

Aaron Hoffman

Senior Associate

Jonathan Khov

Analyst

Elissa Kong

Analyst

Amine Mahmoudi

Director

Elizabeth Pipes

Senior Associate

Justin Smith-Lorenzetti

Vice President, Investments

Past deals in Property Insurance

Urban Jungle

Venture Round in 2024
Urban Jungle Services Ltd., established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its platform offers a comprehensive home insurance policy that allows housemates to split costs and update names as needed, covering shared possessions, deposits, and various emergency expenses. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

Shepherd

Series A in 2024
Shepherd is an Insurtech company that provides technology-driven insurance solutions specifically for the commercial construction industry. It operates an online insurance platform that utilizes data and technology to assess, predict, and price risks associated with construction projects. By automating manual processes, Shepherd's platform streamlines operations for brokers, allowing them to save time and enhance the overall experience for their construction clients.

Urban Jungle

Series A in 2022
Urban Jungle Services Ltd., established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its platform offers a comprehensive home insurance policy that allows housemates to split costs and update names as needed, covering shared possessions, deposits, and various emergency expenses. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

RSA Insurance Group

Acquisition in 2021
RSA Insurance Group is a prominent multinational insurance provider with a 300-year history, employing approximately 23,000 people and serving 17 million customers across more than 140 countries. Originally established in London, RSA has expanded its operations to include major markets in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East, and Latin America. The company specializes in general insurance, offering a wide range of products that include property and casualty insurance, marine, motor, renewable energy, and construction insurance. In the Middle East, RSA is recognized as a leading provider, catering to both commercial and retail clients with tailored solutions across various sectors, including motor, property, medical, and small to medium enterprises. Despite challenging market conditions, RSA maintains a focus on delivering strong and profitable performance in its insurance offerings.

The Guarantee Company Of North America

Acquisition in 2019
The Guarantee Company of North America is a Canadian-owned insurance provider headquartered in Toronto, Canada. It serves customers in both Canada and the United States, with a business model that emphasizes specialty lines and surety, accounting for two-thirds of its operations. The remaining third focuses on personal insurance, including a high net worth portfolio for home and auto insurance in Canada. Additionally, the company offers a range of services such as contract, commercial, and developer surety bonds, along with trade credit solutions.

Intact Insurance Specialty Solutions

Acquisition in 2017
Intact Insurance Specialty Solutions offers a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers, and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon's solutions target group accident and health; architects and engineers; commercial surety; entertainment; environmental; excess property; financial institutions: financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund.

Canadian Direct Insurance

Acquisition in 2015
Canadian Direct Insurance Incorporated is a property and casualty insurance company based in Vancouver, Canada, with an additional office in Edmonton. Founded in 1996, the company serves customers in British Columbia and Alberta by offering a range of personal insurance solutions, including auto insurance, home insurance (covering tenants, condos, and homeowners), and travel medical insurance. Notably, Canadian Direct pioneered an over-the-phone distribution model, allowing it to provide services directly to customers and offer significant cost savings. The company is dedicated to delivering competitively priced insurance products, efficient claims handling, and high-quality customer service. In 2015, Canadian Direct became a subsidiary of Intact Financial Corporation, integrating its operations in Alberta with belairdirect while continuing to maintain its brand and product offerings.

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.

AXA Canada

Acquisition in 2011
AXA Canada is a prominent provider of insurance products and services, catering to both individuals and businesses. The company offers a comprehensive range of insurance solutions, including auto, home, and life insurance, which encompasses various policies such as term and permanent life, mortgage, and health insurance options like critical illness and disability coverage. With a workforce of approximately 2,300 employees, AXA Canada operates through a network of 1,300 brokerages and 2,700 independent insurance advisors. In 2010, it reported direct premiums written of $2.0 billion, ranking it as the sixth largest property and casualty insurer in Canada. Over the past five years, AXA Canada has experienced annual growth exceeding 7%, consistently outperforming the industry with an average combined ratio of 92.2%.
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