Home > M&A deals 2015 > Intact Financial Corp. acquires Canadian Direct Insurance, Inc.
Divestiture · Insurance · May 2015

Intact Financial Corp. acquires Canadian Direct Insurance, Inc.

On May 1, 2015, Intact Financial Corp. acquired Canadian Direct Insurance, Inc., an insurance company in British Columbia, Canada, from Canadian Western Bank.

Deal at a glance

AnnouncedMay 1, 2015 TypeDivestiture TargetCanadian Direct Insurance, Inc. Buyer Intact Financial Corp. Seller Canadian Western Bank SectorInsurance LocationBritish Columbia, Canada ValueNot disclosed

Target company

Canadian Direct Insurance, Inc.
British Columbia, Canada
Insurancesector
-founded
Activestatus
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Buyer

Company · 16 deals on record
  • 5th transaction in insurance
  • 5th transaction in Canada
16deals, all time
8in this sector
2022latest

Seller

Company · 5 deals on record
5investments
1in this sector
2exits

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Questions about this deal

Who acquired Canadian Direct Insurance, Inc.?Intact Financial Corp. acquired Canadian Direct Insurance, Inc. on May 1, 2015.

Who sold Canadian Direct Insurance, Inc.?Canadian Western Bank was the seller.

What type of deal was it?It was a divestiture in the insurance sector in 2015.

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