Intact Insurance Group Usa Llc Completes Acquisition Of Managing General Agent Highland Insurance Solutions
Aug 01, 2022•almost 3 years ago
Acquiring Company
Intact Insurance Specialty Solutions
Acquired Company
Intact Insurance Specialty Solutions
InsuranceInsurance
Description
Intact Insurance Group USA LLC (Intact), doing business under the brand name Intact Insurance Specialty Solutions, announced today that it has completed the acquisition of Highland Insurance Solutions ("Highland"), the U.S. construction division of Tokio Marine Highland (TMH), from Tokio Marine Kiln (TMK), having received all required regulatory approvals and all other closing conditions having been met.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed