Quote:
Originally Posted by cKy
My gf works for ING (Now Intact). They changed they're name about a month and a half ago. Intact bought the PD Insurance - Property and Auto - part of ING (Well, they bought the shares for the Canadian part). ING Insurance is a COMPLETELY different company then ING Fianancial. ING Group has about 5 different sectors they got.
I can also add, they have kept all the same staff, so it's the same service you had before, whether you liked it or not.
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Yes, but I wouldn't exactly feel comfortable being an Intact customer at this point. Sure you have all of the same "stuff" but you no longer have one of the worlds largest corporations standing behind that "stuff". I think alot of people were reassured being with ING in that it was such a big, financially solid company, especially being in times like these. But now the same cannot be said, the company no longer has the big name behind it, nor do the have the TV ad recognition (despite the fact the German dude worked for a different arm of the company).
Dollars to donuts they lose a fairly large (5-10%) amount of their market share in the coming year.