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Intact


News Insurance

Big Moves: The P&C industry’s recent executive shuffles

May 17, 2021 by Jason Contant

Intact Financial Corporation, Trisura Guarantee Insurance Company, and brokerages NFP and Westland Insurance Group all announced changes at the senior executive level over the past week. Patrick Barbeau, Intact Patrick Barbeau will become Intact Financial Corporation’s executive vice president and

News ClaimsClaims CanadaInsurance

How Intact views auto claims severity during pandemic

May 14, 2021 by Greg Meckbach

The long-tail nature of motor vehicle liability and auto accident benefits claims means a temporary drop in total miles driven due to the pandemic does not necessarily equate to a corresponding drop in premiums for your clients, Intact executives suggest.

News ClaimsClaims CanadaLegalRestoration

Coverage dispute arises as to whether construction exclusion applies to building under renovation

May 13, 2021 by Greg Meckbach

Editor’s Note: In an earlier version of this story, Canadian Underwriter incorrectly reported that Intact was denied leave to appeal an earlier court finding that a building renovation does not necessarily trigger an “under-construction” exclusion. In fact, the Court of

News Mergers and Aqcuisitions

Intact-RSA deal awaits final clearance for takeoff on June 1

May 6, 2021 by David Gambrill

Intact Financial Corporation and Dutch insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. The last items remaining on the to-do

News BrokersCommercial Lines

What MGA acquisitions bring to the table for Intact

April 30, 2021 by Greg Meckbach

By acquiring managing general agents, Intact Financial Corp. gets a new stream of revenue and an opportunity to grow its commercial specialty business, says the leader of Intact’s MGA operations. When Intact acquired The Guarantee Company of North America from

News BrokersInsuranceMergers and AqcuisitionsMGAs

Intact unveils new brand name for MGA Frank Cowan

April 28, 2021 by Greg Meckbach

Intact Financial Corp. is changing the brand name of Frank Cowan Company, the managing general agent it acquired in 2019 from Princeton Holdings. The MGA will be known as Intact Public Entities Inc. “The MGA distribution channel presents a strategic

News ClaimsClaims CanadaEarnings / RatingsInsurance

Why Intact says an upward correction in auto rates could be imminent

April 1, 2021 by Greg Meckbach

Motorists could be hit with more premium increases once driving levels return to pre-pandemic levels, Intact Financial Corp. CEO Charles Brindamour suggests. During the early part of 2020, Canada’s auto insurers had a collective combined ratio in auto more than

News Commercial LinesInsuranceMergers and Aqcuisitions

The rationale for Intact expanding its commercial appetite

March 26, 2021 by Greg Meckbach

Mid-sized commercial clients are going to get bigger, so executives with Canada’s largest property and casualty insurer want to continue their expansion in specialty lines. “We are really scaling up our specialty lines capability here in North America,” Intact Financial

News InsuranceMergers and Aqcuisitions

M&A report: Where Intact-RSA sits among Canada’s largest Q4 deals

March 17, 2021 by David Gambrill

Intact and Danish insurer Tryg’s $10.4-billion play for RSA Insurance Group plc topped the list of Canada’s largest deals announced in 2020 Q4, according to a recent report by corporate law firm Miller Thomson. The report defines the largest M&A

News CatastrophesClaims CanadaInsurance

Why home insurance was so profitable for Intact in 2020

March 11, 2021 by Greg Meckbach

The hard market in home insurance is helping Canada’s largest P&C insurer make a healthy profit. But insurers need to maintain pricing discipline in personal property because weather catastrophe costs are increasing over time, suggests the chief financial officer at

News InsuranceMergers and Aqcuisitions

How Intact will decide whether to keep RSA operations outside of Canada

March 2, 2021 by Greg Meckbach

It would have been difficult for Intact Financial Corp. to only buy RSA’s Canadian operation without buying other parts of London-based RSA plc, a senior Intact executive suggests. “It is difficult to pull [RSA Canada] away from the RSA Group

News InsuranceMergers and Aqcuisitions

Intact looks beyond RSA deal for more M&A

March 1, 2021 by Greg Meckbach

Intact Financial Corp. will probably not be finished acquiring other insurers after Intact absorbs RSA Canada. “We will be ready at some point to take on more transactions in Canada,” Intact CFO Louis Marcotte said during the 22nd Annual Credit