Intact makes US and specialty play with OneBeacon deal

Intact's $1.7bn acquisition of OneBeacon will create a North
American specialty insurer with around C$2.3bn ($1.7bn) of premium,
according to the acquirer.
In a presentation outlining the deal
rationale, the Canadian P&C heavyweight said the deal would
almost quadruple its volume of specialty premium, which currently
accounts for 8 percent of its C$8.3bn in group direct written
premium.
The Canadian insurer is thought to have been on the lookout for
a specialty insurance acquisition for some