Intact Financial is the largest Canadian property casualty insurer.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.The company continued its program of acquisition, with a deal to purchase Canadian-owned Guarantee Company of North America, a specialty lines insurer in Canada and the U.S., and Frank Cowan Company, a managing general agent (MGA) focused on specialty lines, for $1 billion in cash from Princeton Holdings. The deal is being partially funded by the issue of 3.3 million shares at $120.45, to raise a net $401 million, with the reminder coming from Intact’s cash reserves and borrowings. - Gavin Graham
Current Advice
Buy
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Capital Gain/Loss
154.9%