OneBeacon (Intact) Acquires International Bond & Marine Brokerage, Ltd.
September 11, 2020
OneBeacon Insurance Group, the U.S. specialty insurance brand of Intact Financial Corporation, has acquired International Bond & Marine Brokerage, Ltd. (IB&M), a privately held brokerage specializing in customs bonds, marine cargo and transportation-related insurance. The acquisition expands OneBeacon’s owned-brokerage capabilities and enhances its customs bonds and international trade risk-management offerings.
- Buyers
- OneBeacon Insurance Group, Intact Financial Corporation
- Targets
- International Bond & Marine Brokerage, Ltd.
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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