Keyword
Intact
How catastrophes affected Intact’s Q4 numbers
January 9, 2020 by Greg MeckbachIntact Financial Corp. is pegging its catastrophe claims at $115 million for the fourth quarter of 2019 alone, more than double the figure for the same period in 2018. Intact released its $115 million estimated catastrophe loss Tuesday. The company…
Who will be who in the Intact commercial specialty crew
December 17, 2019 by Greg MeckbachIntact Financial Corp. announced Tuesday some key executive appointments in its commercial specialty and managing general agent business. Effective Jan. 1, Carla Smith will be senior vice president of specialty solutions for Intact. Pete Weightman, currently Intact’s senior vice president…
‘Bring it on,’ Intact CEO tells industry disruptors
December 10, 2019 by Greg MeckbachCanada’s largest property and casualty insurer plans to be ready for companies from outside the industry who could disrupt the brokerage side of personal lines insurance. “On the distribution side of things, I think one needs to expect that players…
Intact completes acquisition of The Guarantee
December 3, 2019 by Greg MeckbachThe 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…
Intact wins priority dispute over rental car coverage in standard auto policy
November 22, 2019 by Jason ContantOntario’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…
Why you might be having a hard time finding coverage in liability lines
November 14, 2019 by Greg MeckbachLiability 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…
Brokerage acquisitions: What’s really in it for Intact?
November 12, 2019 by Greg MeckbachTaking 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…
Intact’s take on the impact of no-fault auto insurance
November 11, 2019 by Greg MeckbachNo-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…
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