We are excited to have completed the merger with Intact Financial Corporation! You can expect ongoing communication about the future of our combined organizations. During the transition journey we have taken a fresh look at our healthcare businesses to identify segments where we maintain a strong market presence and where we perceive the greatest opportunities exist to deploy our healthcare experience and underwriting talent in preparation for future capabilities. As a result, I'd like to share some updates with you.
TORONTO, Sept. 28, 2017 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced that it has completed its C$2.3 billion (US$1.7 billion) acquisition of U.S. specialty insurer OneBeacon Insurance Group, Ltd. (OneBeacon). The acquisition makes IFC a leading provider of specialty insurance in North America with over C$2 billion in combined annual premiums focusing on small to midsize businesses. Read the full news release>>
We'd like to keep you informed of where we stand in this fast moving healthcare liability landscape with the rapidly changing carrier appetites and fledgling markets. Our underwriting teams are fully staffed, and we look forward to working with you to craft solutions for your risks.
We are excited to welcome these experienced underwriters to the Healthcare team.
We are pleased to announce a number of new appointments to our leadership team.
Steve Spina, President OneBeacon Healthcare Group, and Darlene Bailey Operations Executive at OneBeacon, recently presented a check for $3,000 from the OneBeacon Charitable Trust to the President and CEO of Foodshare, James Arena-DeRosa.