Intact Insurance Amalgamation Approved

Summary#

The federal regulator issued letters patent that legally combine Intact Insurance Company, Western Assurance Company, and 13130126 Canada Inc. into one firm that will use the name Intact Insurance Company (English) / Intact Compagnie d’assurance (French). This change and the regulator’s order allowing the new company to start business became effective January 1, 2025 under the Insurance Companies Act.

What it does#

• Creates a single company by merging Intact Insurance Company, Western Assurance Company, and 13130126 Canada Inc. into one entity called Intact Insurance Company / Intact Compagnie d’assurance, effective January 1, 2025.
• Gives the merged firm official permission to begin operating and to sell insurance in a range of common classes. The regulator authorized insurance for:
  • accident and sickness
  • aircraft
  • automobile
  • boiler and machinery
  • credit and credit protection
  • fidelity
  • hail
  • legal expenses
  • liability
  • marine
  • property
  • surety
• The action and the operating authorization were issued by the Office of the Superintendent of Financial Institutions and signed by Peter Routledge.

Who's affected#

• Customers and policyholders of Intact Insurance Company, Western Assurance Company, and 13130126 Canada Inc. — their policies may now be held by the single merged company.
• Employees and agents of the three firms, who may see internal changes as the companies combine.
• Insurance brokers, competitors, and business partners who deal with these companies.
• Regulators and anyone tracking market structure in the insurance sector.

If the notice does not say so, it’s unclear whether existing policy terms, pricing, or service arrangements will change for customers.

Why it matters#

• It legally creates a larger, single insurer from three entities, which can affect how claims, customer service, and contracts are managed in practice.
• The merged company is now explicitly licensed to offer a wide range of insurance products across Canada, removing regulatory uncertainty about its ability to operate.
• For most policyholders, this is likely an administrative and regulatory step. But consolidation can sometimes lead to operational changes, which customers, employees, and brokers may want to watch for.