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

|About: Intact Financial Corp. (IFCZF)|By:, SA News Editor

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%.