Canadian P/C Insurer Intact Financial to Acquire OneBeacon for $1.7 Billion

Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North American specialty lines insurer with more than $2 billion in specialty …

from News – Insurance Journal http://ift.tt/2qCNjwO
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