We are pleased to announce changes to the roles and responsibilities of members of our U.S. leadership team. In addition, we are now offering up to $250,000,000 in aggregate surety bond capacity for qualifying clients.
Late last year, our merger with Intact Financial Corporation was completed. With our shared commitment to surety business and expanding those capabilities, we are excited to be on our way to creating a leading North American specialty and surety provider.
Intact Financial Corporation (TSX: IFC) today announced that it has completed its C$2.3 billion (US$1.7 billion) acquisition of U.S. specialty insurer OneBeacon Insurance Group, Ltd. (OneBeacon). The acquisition makes IFC a leading provider of specialty insurance in North America with over C$2 billion in combined annual premiums focusing on small to midsize businesses.
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