Keyword
Intact Financial Corporation
Intact to acquire U.S. specialty insurer OneBeacon Insurance Group for US$1.7 billion
May 3, 2017 by Canadian UnderwriterIntact 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…
Intact Ventures becomes strategic investor in Canadian IoT technology company Alert Labs
April 20, 2017 by Canadian UnderwriterIntact 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…
Desjardins’ acquisition of Western Financial caused ‘headaches’ for brokers: Baker
April 19, 2017 by Canadian UnderwriterIf 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…
Sharing economy not fully served by insurance industry, but opportunity is there: Kovacs
April 9, 2017 Jason Contant, Online EditorThe 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.…
Intact reports Q1 cat losses of $88 million, aims to double direct-to-consumer business in ‘near term’
April 7, 2017 by Canadian UnderwriterIntact 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,…
Satisfying unmet customer needs key to helping prevent disruption: CIP Symposium speaker
April 7, 2017 Jason Contant, Online EditorIf 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…
Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP
April 5, 2017 Greg Meckbach, Associate EditorBuilding 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.…
One Alberta brokerage and two from Ontario join BrokerLink
April 5, 2017 by Canadian UnderwriterOne 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…
Ontario’s Lanoue Insurance Brokers joins Brokerlink
February 3, 2017 by Canadian UnderwriterBelle 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…
Belairdirect launches simplified home insurance quote tool
December 8, 2016 by Canadian UnderwriterOnline 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…
Belairdirect now offering home and auto insurance in British Columbia
November 24, 2016 by Canadian UnderwriterOnline 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…
Intact opens third service centre, this time in Toronto
November 21, 2016 by Canadian UnderwriterIntact 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…