Keyword
Intact
Intact now targeting this “under-served” market
November 7, 2019 by Greg MeckbachIf 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…
Intact CEO says odds of upsetting current hard market momentum are “fairly small”
November 7, 2019 by Greg MeckbachWith 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…
BrokerLink acquires another Ontario brokerage
November 4, 2019 by Greg MeckbachBrokerLink 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…
Owning the Supply Chain
October 6, 2019 Emily Atkins, Freelance WriterHow the P&C industry is reacting to the Intact-On Side Restoration deal, which breaks new ground in Canada
New commercial lines senior VP for Canada’s largest P&C insurer
September 19, 2019 by Greg MeckbachIntact 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.…
Why Intact execs set their sights on The Guarantee, MGA Frank Cowan
August 16, 2019 by David GambrillIntact’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…
Intact agrees to buy The Guarantee and MGA Frank Cowan
August 15, 2019 by Greg MeckbachCanada’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…
Opening up the Borders
August 2, 2019 David Gambrill, Editor-in-ChiefPeter 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.
Intact’s priorities for mergers and acquisitions
August 1, 2019 by Greg MeckbachBrokers 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…
Trends Intact is seeing with equipment breakdown losses
July 18, 2019 by Jason ContantThe 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…
Big Moves – Financial executive departs from Intact
May 9, 2019 Canadian Underwriter staffDon Fox oversaw many finance-related functions at Intact Financial
Intact announces departure of executive vice president
March 25, 2019 by Jason ContantIntact 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,…