Intact Financial Corporation completes acquisition of specialty insurer The Guarantee Company of North America and Frank Cowan Company Limited

News Release
December 2, 2019

TORONTO, Dec. 2, 2019 /CNW/ - Intact Financial Corporation (TSX: IFC) announced that it has today completed the acquisition (the "Acquisition") of The Guarantee Company of North America ("The Guarantee") and Frank Cowan Company Limited ("Frank Cowan"), having received all required regulatory approvals.

"Closing this transaction represents meaningful progress on our strategic objectives," said Charles Brindamour, Chief Executive Officer, Intact Financial Corporation. "After months of working together on integration planning, we can now welcome The Guarantee and Frank Cowan employees into the Intact family. We look forward to continue to work together to advance our goals of bolstering our leadership position in Canada while building a leading North American specialty insurer."

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