AXA Art not included in Intact’s acquisition of AXA Group’s Canadian operations

The AXA Art operation in Canada has not been sold to Intact Financial Corporation. AXA Art is and remains a wholly owned subsidiary of the AXA Group and was not part of the sale of AXA Group’s Canadian operations to Intact, the company announced in a public statement.
AXA Art made the announcement after fielding a number of questions about whether it was part of Intact Financial Corporation’s acquisition of the AXA Group’s Canadian operations in the first week of June 2011.
AXA Art Insurance Corporation currently reinsures 100% of the risks written in Canada under the AXA Canada banner. That arrangement will continue with Intact after the acquisition until the end of 2012, the company said.
“We continue to write on AXA Canada paper until close of sale, which is expected to be completed by 3rd Quarter 2011,” AXA Art announced. “We will continue to honour our current arrangement, initially made with AXA Canada, with Intact until the end of 2012. “Please note that no matter which company’s paper we use, our art and collectibles specialty products, claims handling and services as well as our ownership by AXA Group will remain unchanged. Clients and potential clients in Canada can continue to depend on AXA Art to deliver its own specialized products to insure their art and collectibles.”
AXA Art’s Canadian team continues to be led by Ann-Louise Seago, and includes Tannie Ng and Julie McKernan.