AXA Group and Intact Financial Corporation have different views of the Canadian insurance industry. Paris-based AXA sees Canada as a slow-growth market. Intact, formerly the Canadian subsidiary of Dutch financial giant ING Groep N.V. , sees opportunity. As a result, AXA is selling its Canadian operations to Intact for $2.7 billion in a deal announced May 31.
Analysts think Canada’s insurance industry is poised for a wave of consolidation. It’s easy to see why—more than 200 firms crowd the retail car, home, and business insurance markets.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
