Canadian Underwriter

Keyword
Intact

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.

News InsuranceMergers and Aqcuisitions

Intact’s priorities for mergers and acquisitions

August 1, 2019 by Greg Meckbach

Brokers can expect to see insurers representing nearly a fifth of the Canadian P&C market to be bought and sold, the head of Canada’s largest carrier suggested Wednesday. “We laid out the perspective seven or eight years ago that 20

News ClaimsCommercial LinesInsuranceMarkets / Coverages

Trends Intact is seeing with equipment breakdown losses

July 18, 2019 by Jason Contant

The increasing interconnectedness of buildings is leading to larger losses from an equipment breakdown standpoint, said Loren Gardiner, vice president of specialty solutions for Intact’s western division. For example, there are now alarms built right into electrical systems, and there

Feature

Big Moves – Financial executive departs from Intact

May 9, 2019 Canadian Underwriter staff

Don Fox oversaw many finance-related functions at Intact Financial

News Professional Development

Intact announces departure of executive vice president

March 25, 2019 by Jason Contant

Intact Financial Corporation (IFC) has announced that executive vice president Don Fox will be leaving the company effective May 3. Fox has been responsible for overseeing IFC’s investment management, corporate legal, corporate development, audit and finance functions. These key functions,

News Commercial LinesInsurance

Insurer CEOs react to hardening commercial market

February 13, 2019 by Greg Meckbach

The pace of the hardening market in commercial lines has come as a surprise to some executives at Canada’s largest property and casualty insurer. “We have seen a shift in commercial lines that is pretty abrupt in the past six

News Insurance

Intact’s guesstimate of auto profitability improvement required by the industry

February 12, 2019 by Greg Meckbach

The Canadian auto insurance industry needs to improve its profitability by about 10 percentage points, executives with Canada’s largest property and casualty insurer suggest. Canada-wide and industry wide, personal lines auto has a loss ratio of about 75%, said Darren

Ontario legislature at Queen's Park in Toronto, Ontario government
News InsuranceLegislation / Regulation

Ontario auto discussions ‘very encouraging,’ Intact reports

February 11, 2019 by Greg Meckbach

Ontario’s new government and auto insurance regulator are “focussed on the right areas,” a senior manager for the province’s largest auto insurer said recently. The Financial Services Regulatory Authority (FSRA) is scheduled to replace the Financial Services Commission of Ontario

News BrokersMergers and Aqcuisitions

Intact’s appetite for cross-border mergers

February 8, 2019 by Greg Meckbach

Intact Financial Corp. is not ruling out the possibility of buying a commercial brokerage or managing general agent in the United States. “We are doing a lot of work to understand the opportunities in distribution in the U.S. and will