Intact Insurance merger effective January 1, 2025

Summary#

This notice from the Office of the Superintendent of Financial Institutions says three firms—Intact Insurance Company, Western Assurance Company and 13130126 Canada Inc.—were legally merged into a single company that will operate as Intact Insurance Company (French: Intact Compagnie d’assurance). The change and the company's authorization to do a wide range of insurance business took effect on January 1, 2025 under the Insurance Companies Act.

What it does#

• Confirms the issuance of letters patent that merge and continue Intact Insurance Company, Western Assurance Company and 13130126 Canada Inc. as one company named Intact Insurance Company / Intact Compagnie d’assurance.
• Confirms an order allowing the merged company to start and carry on business as an insurer.
• Lists the classes of insurance the company is authorized to insure, including:
  • accident and sickness insurance
  • aircraft insurance
  • automobile insurance
  • boiler and machinery insurance
  • credit insurance and credit protection insurance
  • fidelity insurance
  • hail insurance
  • legal expenses insurance
  • liability insurance
  • marine insurance
  • property insurance
  • surety insurance
• Says these changes are effective January 1, 2025.

Who's affected#

• Policyholders of Intact Insurance Company, Western Assurance Company and 13130126 Canada Inc. may see their policies administered by the merged company.
• Insurance brokers, claims handlers and business partners who deal with those firms.
• Competitor insurers and the insurance market in areas where these companies operate.
• Regulators and anyone tracking corporate structures in the insurance sector.
• If it is unclear who else is affected, the notice does not provide further detail.

Why it matters#

• The notice makes the merger official and tells the public what kinds of insurance the combined company can sell.
• For customers, it signals that policies, claims and customer service will now be handled by one, larger insurer.
• For businesses and brokers, it clarifies who to contract with and which products the company can offer.
• For the general public, it is a routine regulatory step showing that the government regulator has approved the corporate merger and insurance authorizations under the Insurance Companies Act.