Intact and Tryg Complete Their Acquisition of RSA Group

On June 1, 2021, Intact Financial Corporation (Intact) announced the successful completion of its joint bid with Tryg A/S (Tryg), a Scandinavian insurance company, to acquire RSA Insurance Group plc for a total cash consideration of approximately GBP 7.2 billion (CAD 12.3 billion). This acquisition further strengthens Intact's franchise by positioning the Company as a strong multijurisdictional property and casualty insurer.