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News InsuranceMergers and Aqcuisitions

Intact completes acquisition of The Guarantee

December 3, 2019 by Greg Meckbach

The takeover by Intact Financial Corp. of The Guarantee Company of North America is now complete, Toronto-based Intact announced Monday. “We can now welcome The Guarantee and Frank Cowan employees into the Intact family,” Intact CEO Charles Brindamour said in

News ClaimsInsuranceLegislation / Regulation

Intact wins priority dispute over rental car coverage in standard auto policy

November 22, 2019 by Jason Contant

Ontario’s Court of Appeal has upheld a ruling in favour of Intact Insurance Company in a priority dispute over who is afforded coverage when operating a rental vehicle. In a decision released Thursday, the appeal court found that liability coverage

News ClaimsClaims CanadaInsurance

Why you might be having a hard time finding coverage in liability lines

November 14, 2019 by Greg Meckbach

Liability loss inflation may be a new topic of discussion for securities analysts who watch the property and casualty sector, but for Canada’s largest insurer, it’s nothing particularly novel. “There is inflation,” Charles Brindamour, CEO of Intact Financial Corp., observed

News InsuranceMergers and Aqcuisitions

Brokerage acquisitions: What’s really in it for Intact?

November 12, 2019 by Greg Meckbach

Taking on potential disruptors and investing in technology are among the reasons Intact Financial Corp. is on a brokerage acquisition spree. “Our view is that scaling up distribution is the best way to fight disruption,” Intact CEO Charles Brindamour said

News Insurance

Intact’s take on the impact of no-fault auto insurance

November 11, 2019 by Greg Meckbach

No-fault insurance is not a silver bullet that is going to solve the auto liability problem, but it can be helpful to insurers, provided that the coverage is not too generous, suggests the head of Canada’s largest property and casualty

News Insurance

Intact now targeting this “under-served” market

November 7, 2019 by Greg Meckbach

If your clients’ homes would cost more than $3 million to re-construct, they are probably in a new target market for Intact. “We chose historically not to play in that space because we felt we could not provide a second-to-none

News Insurance

Intact CEO says odds of upsetting current hard market momentum are “fairly small”

November 7, 2019 by Greg Meckbach

With the Canadian industry experiencing its lowest return on equity in 17 years, Intact’s senior leadership is not foreseeing a soft market in the short term. “To find similar [hard market] conditions, you have to go back to 2002-03,” Charles

News BrokersInsuranceMergers and Aqcuisitions

BrokerLink acquires another Ontario brokerage

November 4, 2019 by Greg Meckbach

BrokerLink has acquired Newmarket, Ont.-based Buckley Insurance Brokers Ltd., which places home, auto and commercial insurance. Buckley notified its customers Friday by email that it is now part of BrokerLink, which is owned by Intact Financial Corp., owner of Canada’s

News Insurance

New commercial lines senior VP for Canada’s largest P&C insurer

September 19, 2019 by Greg Meckbach

Intact Financial Corp. announced Thursday that Darren Godfrey will become Intact Financial Corp.’s senior vice president, commercial lines on Jan. 1. Godfrey, currently senior VP of personal lines, will replace Alain Lessard, who retires at the end of the year.

News InsuranceMergers and AqcuisitionsMGAs

Why Intact execs set their sights on The Guarantee, MGA Frank Cowan

August 16, 2019 by David Gambrill

Intact’s proposed $1-billion acquisition of The Guarantee and the managing general agent Frank Cowan is intended to bolster the company’s strength in specialty lines – primarily in the areas of surety, public entities, and high-net worth clients, company executives said

News AnnouncementsInsurance

Intact agrees to buy The Guarantee and MGA Frank Cowan

August 15, 2019 by Greg Meckbach

Canada’s largest property and casualty insurer, Intact Financial Corp. has agreed to buy The Guarantee Company of North America and MGA Frank Cowan Company Limited for about $1 billion from Princeton Holdings. Princeton will continue to own retail brokerage Cowan

Feature Insurance

Opening up the Borders

August 2, 2019 David Gambrill, Editor-in-Chief

Peter Weightman, head of Intact’s specialty unit, shows how the company’s 2017 acquisition of OneBeacon created opportunities in the U.S. for Canadian brokers.