Intact wins approvals to close $1.7bn OneBeacon deal

OneBeacon's $1.7bn acquisition by Canadian property and
casualty insurer Intact Financial is expected to be completed by
Thursday after regulators gave final approval to the transaction,
Intact said today.
After the $18.10 per share deal closes, One Beacon will continued
to operate as One Beacon Insurance Group in the US as a wholly
owned Intact subsidiary, the company said. The Bermuda-domiciled
carrier focuses on small to mid-size businesses.
As Canada's largest property and casualty insurer,