Canadian Underwriter

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Intact


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Intact’s game plan in personal auto

August 2, 2022 by Alyssa DiSabatino

Intact’s personal auto insurance premiums grew by 28% in 2022 Q2, but the company says its auto game plan is “not only pricing-driven,” the CEO reported during Intact’s recent earnings call.  “Equally important is how we manage claims and our

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

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Digital-only for P&C consumers after the pandemic? Not so fast…

June 24, 2022 by Alyssa DiSabatino

Despite online insurance gaining popularity, consumers still need — and want — personalized advice from their insurance companies and brokers, executives observed during a recent industry panel discussion.   “I had really thought at the end of 2020 that digital

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News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

How much of the industry will change hands in five years: Intact exec

June 22, 2022 by Alyssa DiSabatino

Canada’s largest insurer thinks 15% of insurers will undergo ownership changes in the next five years. “We predict that about 15% of the existing market shares will change hands in the next five years,” said Louis Gagnon, CEO of Intact

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How the industry is addressing service level challenges

June 20, 2022 by Alyssa DiSabatino

Consumer behaviour, supply chain issues and staffing shortages are among the reasons why service levels have been challenged in recent months, but revamping outdated technology and insourcing claims may help ease the backlog, say industry executives.  Processing claims in-house helps

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News InsuranceLegislation / RegulationMarkets / Coverages

What Intact’s CEO thinks of Ontario’s auto insurance budget

May 16, 2022 by Alyssa DiSabatino

Intact’s CEO Charles Brindamour said he is “quite thrilled” with some of the auto insurance reform measures contained in Ontario government’s proposed budget. Brindamour commented on the budget proposals for auto insurance reform during a Virtual Fireside Chat with RBC

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News Insurance

Claude Dussault to retire from Intact’s board

March 31, 2022 by Jason Contant

Claude Dussault, chairman of the board of directors for Intact Financial Corporation (IFC), will retire at the end of his current term, although he will stay on in different roles with the company, Canada’s largest property and casualty insurer said

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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

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Where Intact CEO sees personal home rates heading

February 7, 2022 by Jason Contant

Personal home insurance will continue to face a firm pricing environment for the foreseeable future, the CEO of Intact Financial Corporation said at a recent virtual conference. “You can expect a firm pricing environment, mid- to upper-single-digit range for the

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 Insurance

What Intact paid for Cats last quarter

January 12, 2022 by Jason Contant

Intact paid out an estimated $186 million for catastrophe losses in 2021 Q4, the company reported. “Approximately 55% of the catastrophe losses were in our Canada segment, with half in personal property,” IFC says in a press release. “This mostly