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Intact Financial Corporation

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Intact to acquire U.S. specialty insurer OneBeacon Insurance Group for US$1.7 billion

May 3, 2017 by Canadian Underwriter

Intact Financial Corporation has announced that it intends to acquire OneBeacon Insurance Group, Ltd., a specialty insurer in the United States, for US$1.7 billion. Intact declared on Tuesday that it has entered into a definitive agreement and plan of merger

News Climate ChangeCommercial LinesInsurancePersonal LinesProductsTechnology

Intact Ventures becomes strategic investor in Canadian IoT technology company Alert Labs

April 20, 2017 by Canadian Underwriter

Intact Ventures has made its first investment in Canada Alert Labs Inc., an Ontario provider of easy-to-install technology that offers residential and commercial property owners real-time water use, flood, leak, temperature and power alerts. Not only do the alerts generated

News AppointmentsInsuranceMarkets / CoveragesMergers and Acquisitions

Desjardins’ acquisition of Western Financial caused ‘headaches’ for brokers: Baker

April 19, 2017 by Canadian Underwriter

If Trimont Financial Ltd. acquires Western Financial Group, Desjardins Group officials will have “more time to focus on further integrating State Farm,” MSA Research Inc. suggested in a recent report released Tuesday. “Slowly but surely, the complexion of the industry

News InsuranceLegislation / RegulationProfessional DevelopmentTechnology

Sharing economy not fully served by insurance industry, but opportunity is there: Kovacs

April 9, 2017 Jason Contant, Online Editor

The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017.

News CatastrophesCommercial LinesInsurancePersonal LinesProfessional DevelopmentReinsurance

Intact reports Q1 cat losses of $88 million, aims to double direct-to-consumer business in ‘near term’

April 7, 2017 by Canadian Underwriter

Intact Financial Corp. recently reported its catastrophe losses, net of reinsurance, were $88 million for the first three months of 2017. Toronto-based Intact also says it wants to “double” its direct-to-consumer business in the “mid-term” and is nominating Sylvie Paquette,

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesTechnology

Satisfying unmet customer needs key to helping prevent disruption: CIP Symposium speaker

April 7, 2017 Jason Contant, Online Editor

If the insurance industry doesn’t start meeting unmet customer needs and responding to trends like the sharing economy, new entrants will likely continue to disrupt the industry, attendees to the CIP Society Symposium 2017 heard on Thursday. “The big risk

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesPersonal Lines

Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP

April 5, 2017 Greg Meckbach, Associate Editor

Building infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesProfessional DevelopmentTechnology

One Alberta brokerage and two from Ontario join BrokerLink

April 5, 2017 by Canadian Underwriter

One Alberta brokerage and two Ontario brokerages announced on Tuesday that they will join BrokerLink, one of the largest Canadian property and casualty insurance brokerages. Alberta-based Full Circle Insurance Ltd. and Ontario brokerages Fairview Insurance Brokers Inc. and Steven Kaluski

News Commercial LinesInsurancePersonal Lines

Ontario’s Lanoue Insurance Brokers joins Brokerlink

February 3, 2017 by Canadian Underwriter

Belle River, Ont.-based Lanoue Insurance Brokers Ltd. announced on Friday that it will join BrokerLink, one of the largest Canadian property and casualty insurance brokerages. Serving Ontario’s Windsor/Essex area, the firm specializes in personal, commercial, farm and marine insurance. Terms

News InsurancePersonal LinesTechnology

Belairdirect launches simplified home insurance quote tool

December 8, 2016 by Canadian Underwriter

Online insurance company belairdirect has launched a new home insurance “quick quote” tool aimed at reducing the amount of time customers typically spend obtaining such a quote. Belairdirect said in a press release on Thursday that tool, “accessible through any

News InsurancePersonal Lines

Belairdirect now offering home and auto insurance in British Columbia

November 24, 2016 by Canadian Underwriter

Online insurance company belairdirect announced on Thursday that it is now offering home and auto insurance services in British Columbia. “This is a very exciting day for belairdirect, our employees and our customers,” said Henry Blumenthal, vice president of sales

News InsurancePersonal Lines

Intact opens third service centre, this time in Toronto

November 21, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) announced on Monday that it has opened its third Intact Service Centre in Canada, this time in Toronto, so that Intact Insurance and belairdirect customers “can now experience a simpler, faster and more convenient auto claims