Intact Financial Corporation

Intact Financial Corporation is a Canadian property and casualty insurer serving individuals and businesses in Canada and the United States. The company writes personal lines including auto, home, and contents protection, as well as tenant and condominium coverage, and liability coverages. It also offers commercial lines such as property, general liability, product and professional liability, cyber, and specialty coverages for small and mid-sized businesses, with additional options for commercial auto, fleets, and certain shared-economy needs. Intact markets its products under the Intact Insurance, belairdirect, Brokerlink, and OneBeacon brands through a network of brokers, independent agencies, wholesalers, and managing general agencies, as well as direct-to-consumer channels. Founded in 1809 and headquartered in Toronto, the company emphasizes a broad portfolio of personal, commercial, and specialty insurance products across its Canadian and U.S. operations.

Ben Belec

Senior Associate

Aaron Hoffman

Senior Associate

Jonathan Khov

Analyst

Elissa Kong

Analyst

Amine Mahmoudi

Director

Elizabeth Pipes

Senior Associate

Justin Smith-Lorenzetti

Vice President, Investments

Past deals in Motor Insurance

Urban Jungle

Venture Round in 2024
Urban Jungle, established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its innovative platform offers a comprehensive home insurance policy that covers deposits, shared possessions, and emergency expenses, with features allowing housemates to split bills and update names as needed. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

Urban Jungle

Series A in 2022
Urban Jungle, established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its innovative platform offers a comprehensive home insurance policy that covers deposits, shared possessions, and emergency expenses, with features allowing housemates to split bills and update names as needed. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

Acko

Series D in 2021
Acko is a digital insurance provider that streamlines the underwriting and distribution of various insurance products through its online platform. The company specializes in personalized insurance offerings, leveraging data and analytics to tailor its products to user consumption behaviors. Acko offers a range of bite-sized insurance solutions, primarily targeting drivers and professionals within the transportation sector, while also expanding into healthcare with policies related to employee health benefits and wellness. Its approach aims to simplify the insurance buying experience, making it transparent and efficient for consumers.

RSA Insurance Group

Acquisition in 2021
RSA Insurance Group is a prominent multinational insurance provider with a 300-year history, employing approximately 23,000 people and serving 17 million customers across more than 140 countries. Originally established in London, RSA has expanded its operations to include major markets in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East, and Latin America. The company specializes in general insurance, offering a wide range of products that include property and casualty insurance, marine, motor, renewable energy, and construction insurance. In the Middle East, RSA is recognized as a leading provider, catering to both commercial and retail clients with tailored solutions across various sectors, including motor, property, medical, and small to medium enterprises. Despite challenging market conditions, RSA maintains a focus on delivering strong and profitable performance in its insurance offerings.

Acko

Series D in 2020
Acko is a digital insurance provider that streamlines the underwriting and distribution of various insurance products through its online platform. The company specializes in personalized insurance offerings, leveraging data and analytics to tailor its products to user consumption behaviors. Acko offers a range of bite-sized insurance solutions, primarily targeting drivers and professionals within the transportation sector, while also expanding into healthcare with policies related to employee health benefits and wellness. Its approach aims to simplify the insurance buying experience, making it transparent and efficient for consumers.

The Guarantee Company of North America

Acquisition in 2019
The Guarantee Company of North America is a Canadian-owned insurer serving customers in Canada and the United States. The company focuses on specialty lines and surety, comprising about two-thirds of its business, along with personal lines that include high net worth home and auto coverage in Canada. It provides tailored personal insurance, specialty insurance, and risk management tools designed to help businesses and individuals mitigate potential financial losses.

Acko

Series C in 2019
Acko is a digital insurance provider that streamlines the underwriting and distribution of various insurance products through its online platform. The company specializes in personalized insurance offerings, leveraging data and analytics to tailor its products to user consumption behaviors. Acko offers a range of bite-sized insurance solutions, primarily targeting drivers and professionals within the transportation sector, while also expanding into healthcare with policies related to employee health benefits and wellness. Its approach aims to simplify the insurance buying experience, making it transparent and efficient for consumers.

Metromile

Series E in 2018
Metromile is a digital auto insurance platform that uses data science to offer personalized policies based on actual mileage driven, providing real-time insights and potential savings of up to 47% compared to traditional insurance methods. It offers features such as automated claims processing, smart driving analytics via its mobile app, and theft tracking.

Intact Insurance Specialty Solutions

Acquisition in 2017
OneBeacon Insurance Group, Ltd. provides specialty property and casualty insurance products and services through its subsidiaries. The company operates two main segments: Specialty Products and Specialty Industries. The Specialty Products segment offers a diverse range of coverages, including provider excess insurance, multi-line package solutions, various liability insurances, and environmental risk solutions. In contrast, the Specialty Industries segment focuses on property and casualty insurance tailored for specific sectors such as technology, life sciences, telecommunications, and entertainment. This segment also provides accident coverages and identity theft management services. OneBeacon's products are distributed through independent agencies, regional and national brokers, wholesalers, and managing general agencies across the United States. Headquartered in Hamilton, Bermuda, OneBeacon Insurance Group operates as a subsidiary of Intact Financial Corporation as of September 2017.

Metromile

Series D in 2016
Metromile is a digital auto insurance platform that uses data science to offer personalized policies based on actual mileage driven, providing real-time insights and potential savings of up to 47% compared to traditional insurance methods. It offers features such as automated claims processing, smart driving analytics via its mobile app, and theft tracking.

Comerco Services

Acquisition in 2015
Comerco Services Inc., established in 2003 and headquartered in Laval, Canada, specializes in customized business solutions. The company offers a range of insurance products, including automobile, home, and business coverage, along with warranty programs for manufacturers and distributors. Comerco also provides customer service and call center solutions, repair services for consumer products, and risk management services. Notably, they are the Canadian leader in protection plan management, consistently adapting to market needs and exceeding customer expectations.

JEVCO Insurance Company

Acquisition in 2012
JEVCO specializes in providing tailored insurance solutions for individuals and businesses in Canada. They focus on non-standard automobile categories, offering personalized pricing for private passenger vehicles, as well as coverage for personal and commercial motorcycles and property.

AXA Canada

Acquisition in 2011
AXA Canada is a prominent provider of insurance products and services, catering to both individuals and businesses. The company offers a comprehensive range of insurance solutions, including home, auto, and life insurance, as well as health insurance options such as critical illness and disability coverage. With a workforce of approximately 2,300 employees, AXA Canada operates through a network of 1,300 brokerages and 2,700 independent insurance advisors. In 2010, the company reported direct premiums written of $2.0 billion, positioning it as the sixth largest property and casualty insurer in Canada. Over the past five years, AXA Canada has consistently achieved annual growth exceeding 7%, outpacing industry trends with an average combined ratio of 92.2%. This performance reflects its commitment to providing clients with a wide range of insurance products at competitive premium rates.
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