Metro General Insurance Corporation Limited joins Intact
Intact announced in February that it has acquired Newfoundland and Labrador-based Metro General Insurance Corporation Limited.
Metro General Insurance Corporation is a privately owned property and casualty insurance company specializing in home, auto and liability insurance with $27 million in direct written premiums. The company operates across Newfoundland and Labrador and in rural Nova Scotia through a network of 13 brokers.
The Metro General acquisition is expected to improve Intact’s market position in Newfoundland and Labrador. “Over the years, the Metro General team has built a highly successful organization providing quality services to its brokers and customers,” said Alan Blair, Senior Vice President of Intact Insurance. “While the acquisition will allow us to expand our reach, Metro General customers will benefit from the broad offering of products and services of Intact Insurance and our outstanding customer-driven orientation,” said Blair.
Vice President, Corporate Communications
Intact Financial Corporation
+1 (416) 217-7206
Hayley J. Wilson, CA
President & CEO
Metro General Insurance Corporation Limited
+1 (709) 726-1922 ext. 222
Vice President, Investor Relations
+1 (416) 344-8004
Forward Looking Statements
This document may contain forward looking statements that involve risks and uncertainties. The Company’s actual results could differ materially from these forward-looking statements as a result of various factors, including those discussed in the Company’s most recently filed Annual Information Form and annual Management’s Discussion & Analysis. Please read the cautionary note at the beginning of the MD&A.
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