09:54 AM EST - Intact Financial Corporation : announced that it has entered into a definitive share purchase agreement to sell AXA Canada's life insurance business to SSQ, Life Insurance Company Inc. with the financial support of its majority shareholder, the Fonds de solidarité FTQ, for $300 million. The transaction is conditional on the receipt of regulatory approvals and is expected to close in early 2012. Intact Financial Corporation
shares T.IFC are trading up $2.34 at $56.14.
