Intact Insurance Bought Jevco Insurance | GTAMotorcycle.com

Intact Insurance Bought Jevco Insurance

Aleks Hara

Aleks Hara

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Just got news that Intact Insurance purchased the whole Jevco/Kingsway Insurance Company. Intact was formerly ING Canada up until a few years ago, and they are the biggest insurance company in Canada. They also recently acquired AXA insurance, and are the parent company of BelairDirect, Novex, GreyPower, and a few other smaller insurers.

What will happen to Jevco and their motorcycle program is anyone's guess... We'll just have to wait and see.

http://www.theglobeandmail.com/glob...acquire-jevco-for-530-million/article2420018/
 
Aleks Hara said:
Just got news that Intact Insurance purchased the whole Jevco/Kingsway Insurance Company. Intact was formerly ING Canada up until a few years ago, and they are the biggest insurance company in Canada. They also recently acquired AXA insurance, and are the parent company of BelairDirect, Novex, GreyPower, and a few other smaller insurers.

What will happen to Jevco and their motorcycle program is anyone's guess... We'll just have to wait and see.

http://www.theglobeandmail.com/glob...acquire-jevco-for-530-million/article2420018/
Click to expand...

I'm with them for my car, best price I could find with health index bought back. I wonder if they will let me put my bike on the policy now?

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Watch out with Intact! I recently cancelled my policy with Axa, I guess it was right when they were switching over! A month after I cancel my monthly insurance premium comes out of my bank account AGAIN! I'm like WTF and call my broker. "Whops, I'll get that corrected, I suggest you put a stop payment on your account." No problem, $20 for a stop payment order, yay. I put a stop payment on it and the next month IT COMES OUT AGAIN under "Intact"!! I couldn't believe it. The broker refunded my money (and my $20 stop payment fee) out of his own pocket, and said he'd get it back from Intact. It sounded like I wasn't the only one having issues.

I ended up cancelling the entire bank account.

-Jamie M.
 
There definitely be some back hiccups when two companies merge or is taken over. I remember having my bank access card disable when TD and Canada Trust merge. They also changed my account from a value account to an executive account that must keep a balance of $5000 to maintain no fees(I was a student at the time). Sounds like the broker did the right thing, he would have recouped that back from them in due time.
 
Wow! Intact was huge BEFORE this acquisition!
 
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