AM Best Comments on Credit Ratings of Intact Financial Corporation and Subsidiaries Following UK Pension Buy-In Transaction

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Mar 01, 2023

AM Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Intact Insurance Company (Ontario, Canada), the lead company of Intact Financial Corporation (IFC) [TSX: IFC], as well as the Credit Ratings (ratings) for all subsidiaries of IFC, remain unchanged following the recent announcement of a GBP 6.5 billion U.K. pension buy-in agreement between IFC, RSA UK Pension Trustees (RSA UK) and Pension Insurance Corporation plc (PIC).