Intact Financial Corporation is a Canadian general insurance holding company that has existed since 2004. The company's principal subsidiaries are the Intact Insurance Company, Belair Insurance Company, and Royal & Sun Alliance Insurance. Intact was founded as a holding company for a group of Canadian insurance companies owned by the Dutch ING Group. The grouping originated in 1959 when ING's predecessor, Nationale-Nederlanden, acquired the Halifax Insurance Company. In 1987 NN acquired the Western Union Insurance Company of Calgary, and in 1989 acquired the Quebec holding company Commassur Inc., which owned the Groupe commerce compagnie d'assurances and the Compagnie d'assurances Belair. In 2004, ING merged all its Canadian insurance companies into a new holding company called ING Canada Inc. and made a public offering of 32 million shares of the new company, raising $907 million. In February 2009, ING sold its 70 per cent stake in ING Canada to retail and institutional investors for $2.2 billion. Following the sale, on 13 May 2009 the newly independent company renamed itself the Intact Financial Corporation. Wikipedia