Update on Intact Aquisition of AXA Insurance

I have been provided a recent update from Intact Insurance regarding their proposed acquisition of the Canadian Property & Casualty business of AXA Insurance Company. The update advises that they are awaiting regulatory approval from the Office of the Superintendent of Financial Institutions (OSFI), Autorite des marches financiers (AMF) and the Competition Bureau. They anticipate receiving approval by the end of…

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Intact Insurance Seeks to Purchase AXA Insurance Canada

Here is the official press release the industry received regarding the recent intent of Intact Insurance to purchase AXA Insurance Canada.   We will continue to release information as we receive it.  We are contracted with both AXA and Intact Insurance, and will watch the updates closely for our valued clients.    Intact Financial Corporation (TSX: IFC) has signed a definitive agreement with Paris-based…

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Our First With Lloyds of London

For one week in May of 2011, Insurance Portfolio reached a new milestone with our visit to Lloyds of London, London, England.   Insurance Portfolio Inc. is currently Open Market Correspondents with Lloyds of London, and we hope to become Coverholders in the near future.   I am pictured with Guy Robinson on the left and James Adley on the right, our UK sponsoring brokers, whom took both…

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