Intact Financial Corp. (IFCZF.PK), Canada’s largest property and casualty insurer, said...

Intact Financial Corp. (IFCZF.PK), Canada’s largest property and casualty insurer, said yesterday it will buy Axa's (AXAHY.PK) Canadian business for C$2.6B ($2.7B). The deal will boost Intact's premiums in Canada by almost 50%, and generate an internal rate of return of 20%.

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  • Robert Hennecke
    , contributor
    Comments (859) | Send Message
    I strongly reccomend that investors get as many facts about the functioning of Intact Financial and all of it's subsidiaries before investing as my personal experience is that any insurance company that makes retroactive claims on behalf of a party that wasn't insured and then pursues the tho other party via collectiuon agencies without having even sent an invoice is a company that is sorely lacking in professionalism. I am bringing this issue up with numerous regulatory bodies in Canada one being IROC amongst others. The garage of the 'insured' party demanded cash from me and the vastly inflated fee of 2586 $ for a 2007 Mazda 7 is outrageous in the extreme. I am currently pringint 250 000 flyers to be distributed to as many people as possible this year.
    3 Jan 2015, 04:28 PM Reply Like
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