A.M. Best Comments on Credit Ratings of Intact Financial Corporation and Its Subsidiaries Following Agreement to Acquire OneBeacon Insurance Group, Ltd.

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has commented that the Long-Term Issuer Credit Rating of “a-” of Intact Financial Corporation (IFC) (Toronto, Ontario, Canada) [TSX:IFC] and all other Credit Ratings (ratings) assigned to IFC’s subsidiaries and its issued securities remain unchanged following the announcement of IFC’s agreement to acquire OneBeacon Insurance Group, Ltd. (OneBeacon Ltd.) [NYSE:OB]. Under the terms of the all-cash deal, OneBeacon Ltd.’s shareholders will receive USD 18.10