Canadian Underwriter

Keyword
RSA

Analyzing financial results
News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Intact provides update on RSA profitability, remaining priorities 

August 8, 2023 by Jason Contant

Two years after Intact Financial Corporation acquired RSA Canada (and some other operations outside Canada), value creation from the acquisition has exceeded expectations, Intact’s chief financial officer said during an earnings call last week.  “We estimate that annual RSA synergies

Bigger fish eating smaller fish; M&A concept
News AssociationsEarnings / RatingsInsuranceMarkets / Coverages

Canada’s largest P&C insurers growing larger: AM Best

September 12, 2022 by Jason Contant

Canada’s Top 10 property and casualty insurers control almost three-quarters of the marketplace, with the remaining participants competing for the balance of available premium, ratings agency AM Best said during an industry event Friday. The Top 10 P&C carriers control

News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

Intact provides update on RSA integration

July 29, 2022 by Alyssa DiSabatino

A year after RSA Insurance Group plc was acquired by Intact Financial Corporation, nearly all personal lines broker policies, and commercial lines small business and fleet policies in Canada, have been converted to Intact systems, the insurer reported. “I’m pleased

Concept of improved financial results
News Insurance

How far Intact’s specialty reach has expanded

February 15, 2022 by Jason Contant

Intact Financial Corporation CEO Charles Brindamour says Canada’s largest P&C insurer has established a “truly global platform” that can now reach 70% of the global specialty solutions market with the expertise it has on board. “The thing that I like

Improved financial results
News Insurance

Why Intact beat its own expectations in recent quarters

February 9, 2022 by Jason Contant

Intact Financial Corporation expects its combined ratio to marginally improve in Canada as it continues to beat its own financial result expectations, the insurer’s chief financial officer says during an earnings call. Canada’s largest insurer saw operating direct premiums written

Concept of M&A integration
News Insurance

How Intact is faring with the RSA integration

February 3, 2022 by Jason Contant

Intact Financial Corporation’s integration of RSA plc is on track, with earnings slightly better than originally anticipated, the insurer’s chief executive officer reports. The deal increases Intact’s specialty lines presence in North America by close to 30%, Intact Financial Corporation

News ClaimsClaims CanadaInsuranceLegalLegislation / Regulation

Supreme Court of Canada rules against BC trial lawyers in disputed subrogated Ontario auto claim

November 18, 2021 by Greg Meckbach

If the Trial Lawyers Association of British Columbia had its way, auto insurers would have an incentive to go the “extra mile” in trying to find reasons to deny claims, two Supreme Court of Canada judges suggested in a decision

News InsuranceMergers and Aqcuisitions

Biggest insurers will soon control more of the market: A.M. Best

September 16, 2021 by Greg Meckbach

Canada’s Top 5 property and casualty insurers control nearly half the market, with the largest increasing their market share further, an A.M. Best Company analyst said Wednesday. About two-thirds of direct premiums written, in Canadian P&C insurance, are controlled by

Office workstation top view with businesspeople working around M&A
News Appointments

Thompson leaving RSA Canada following Intact acquisition

June 1, 2021 by Greg Meckbach

RSA Canada CEO Martin Thompson is leaving the company, says the insurer’s new owner, Intact Financial Corp. Intact and Danish insurer Tryg A/S announced Tuesday they have completed their acquisition of London-based RSA PLC. As part of the deal, Toronto-based

News Insurance

What B.C. trial lawyers are asking of Canada’s top court in RSA dispute

May 25, 2021 by Greg Meckbach

The Trial Lawyers Association of British Columbia is asking Canada’s top court to essentially make a “new law” barring a liability insurer from taking an off-coverage position after starting to defend a tort claim if the insurer previously had “presumed

Office workstation top view with businesspeople working around M&A
News Mergers and Aqcuisitions

Next steps for integrating RSA into Intact

May 17, 2021 by Greg Meckbach

As Intact puts the “final touches” on its proposed acquisition of RSA Canada, Intact’s executives say they may be looking at “strategic alternatives” for some of the RSA plc operations it has agreed to acquire. During Intact’s 2021 Q1 earnings

News AppointmentsInsurance

Former RSA exec Ince joins major Canadian P&C mutual

May 4, 2021 by Greg Meckbach

After a 25-year stint at RSA Canada, Donna Ince has joined Economical Insurance as vice president, personal insurance, regional operations. Ince joined Economical Monday, a spokesperson for Waterloo, Ont.-based Economical told Canadian Underwriter Tuesday. Ince worked at RSA Canada until