Intact Insurance Amalgamation

Summary#

The federal financial regulator, the Office of the Superintendent of Financial Institutions, issued a notice that three companies — Intact Insurance Company, Western Assurance Company and 13130126 Canada Inc. — were merged into a single company now called Intact Insurance Company / Intact Compagnie d’assurance, effective January 1, 2025. The regulator also authorized the merged company to start and carry on a wide range of insurance businesses. The notice was published on April 12, 2025.

What it does#

• Grants letters patent that combine Intact Insurance Company, Western Assurance Company and 13130126 Canada Inc. into one legal company named Intact Insurance Company (English) / Intact Compagnie d’assurance (French), effective January 1, 2025.
• Issues an order under the Insurance Companies Act allowing the merged company to commence and carry on business as an insurer, effective January 1, 2025.
• Lists the types of insurance the company may underwrite. These include:
  • accident and sickness insurance
  • aircraft insurance
  • automobile insurance
  • boiler and machinery insurance
  • credit insurance
  • credit protection insurance
  • fidelity insurance
  • hail insurance
  • legal expenses insurance
  • liability insurance
  • marine insurance
  • property insurance
  • surety insurance

Who's affected#

• Customers and policyholders of Intact Insurance Company and Western Assurance Company may see the legal owner of their policies change to the merged company.
• Insurance brokers, claims handlers, and other business partners who work with those companies.
• Employees and corporate stakeholders of the three firms.
• Regulators and competitors in the Canadian insurance market.

If you hold a policy with one of the merging firms, the notice itself does not explain whether your policy terms, premiums, or service contacts will change.

Why it matters#

• It simplifies the corporate structure by putting three companies into one. That can affect who legally holds and services insurance policies.
• For policyholders, the main practical concern is whether reporting claims, renewing policies, or contacting customer service will change; the notice does not say.
• For the insurance market, the merger is one more example of consolidation among insurers, which can affect competition, partnerships, and how products are offered.