Canada's Intact to buy specialty insurer and MGA from Princeton Holdings for C$1bn

16-08-2019

Canada's Intact to buy specialty insurer and MGA from Princeton Holdings for C$1bn

Canadian property and casualty insurer Intact Financial Corporation has entered into a definitive agreement with Princeton Holdings to acquire The Guarantee Company of North America, a specialty lines insurer in Canada and the US, and Frank Cowan Company, a managing general agent (MGA) focused on specialty insurance, for approximately C$1 billion ($750 million) in cash.


Princeton Holdings, Intact Financial Corporation, Property and Casualty, Merger & Acquisition, Specialty Insurance, MGA, Canada

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