(Reuters) – Canadian property and casualty insurer Intact Monetary Corp stated on Thursday it agreed to purchase The Assure Co of North America and Frank Cowan Co for C$1 billion ($750.6 million) in money from Princeton Holdings Ltd.

The deal, anticipated to shut within the fourth quarter, will bolster Intact’s place by including new merchandise for its excessive internet value clients, the corporate stated.

Intact expects the deal so as to add to internet working revenue per share instantly, with low single-digit accretion inside 24 months after shut.

The Assure Co has clients in Canada and the USA with two-thirds of its enterprise in specialty insurance coverage…

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