Canadian Underwriter

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Intact


News ClaimsInsuranceLegal

Why Intact lost this court case over professional fees

February 13, 2020 by Jason Contant

If your client wants to be covered under a professional fees endorsement, must these fees be required by the insurer? The question was put to the Ontario Superior Court of Justice recently. Ontario Superior Court Justice David Edwards found that,

News Earnings / RatingsInsurance

What may happen when Intact’s ROE reaches the mid-teens

February 5, 2020 by David Gambrill

Don’t expect in 2020 to see the Canadian P&C industry’s return on equity (ROE) rise to the level of the 10%, which is one possible indicator that the hard market may be ending, according to Intact president and CEO Charles

News InsuranceMarkets / Coverages

Intact CEO forecasts how high industry auto rates may increase in 2020

February 5, 2020 by David Gambrill

Intact projects that Canada’s property and casualty industry will be asking for average auto insurance rate increases on the order of 7% over the upcoming 12 months. Intact itself is expected to ask for more auto rate during the next

News ClaimsClaims Canada

How catastrophes affected Intact’s Q4 numbers

January 9, 2020 by Greg Meckbach

Intact 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

News Appointments

Who will be who in the Intact commercial specialty crew

December 17, 2019 by Greg Meckbach

Intact 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

News BrokersInsuranceTechnology

‘Bring it on,’ Intact CEO tells industry disruptors

December 10, 2019 by Greg Meckbach

Canada’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

News InsuranceMergers and Aqcuisitions

Intact completes acquisition of The Guarantee

December 3, 2019 by Greg Meckbach

The 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

News ClaimsInsuranceLegislation / Regulation

Intact wins priority dispute over rental car coverage in standard auto policy

November 22, 2019 by Jason Contant

Ontario’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

News ClaimsClaims CanadaInsurance

Why you might be having a hard time finding coverage in liability lines

November 14, 2019 by Greg Meckbach

Liability 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

News InsuranceMergers and Aqcuisitions

Brokerage acquisitions: What’s really in it for Intact?

November 12, 2019 by Greg Meckbach

Taking 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

News Insurance

Intact’s take on the impact of no-fault auto insurance

November 11, 2019 by Greg Meckbach

No-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

News Insurance

Intact now targeting this “under-served” market

November 7, 2019 by Greg Meckbach

If 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