Canadian Underwriter

Keyword
Intact


News Insurance

Intact CEO says odds of upsetting current hard market momentum are “fairly small”

November 7, 2019 by Greg Meckbach

With 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

News BrokersInsuranceMergers and Aqcuisitions

BrokerLink acquires another Ontario brokerage

November 4, 2019 by Greg Meckbach

BrokerLink 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

Feature AdjustersClaims CanadaMergers and AqcuisitionsRestoration

Owning the Supply Chain

October 6, 2019 Emily Atkins, Freelance Writer

How the P&C industry is reacting to the Intact-On Side Restoration deal, which breaks new ground in Canada

News Insurance

New commercial lines senior VP for Canada’s largest P&C insurer

September 19, 2019 by Greg Meckbach

Intact 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.

News InsuranceMergers and AqcuisitionsMGAs

Why Intact execs set their sights on The Guarantee, MGA Frank Cowan

August 16, 2019 by David Gambrill

Intact’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

News AnnouncementsInsurance

Intact agrees to buy The Guarantee and MGA Frank Cowan

August 15, 2019 by Greg Meckbach

Canada’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

Feature Insurance

Opening up the Borders

August 2, 2019 David Gambrill, Editor-in-Chief

Peter 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.

News InsuranceMergers and Aqcuisitions

Intact’s priorities for mergers and acquisitions

August 1, 2019 by Greg Meckbach

Brokers 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

News ClaimsCommercial LinesInsuranceMarkets / Coverages

Trends Intact is seeing with equipment breakdown losses

July 18, 2019 by Jason Contant

The 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

Feature

Big Moves – Financial executive departs from Intact

May 9, 2019 Canadian Underwriter staff

Don Fox oversaw many finance-related functions at Intact Financial

News Professional Development

Intact announces departure of executive vice president

March 25, 2019 by Jason Contant

Intact 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,

News Commercial LinesInsurance

Insurer CEOs react to hardening commercial market

February 13, 2019 by Greg Meckbach

The pace of the hardening market in commercial lines has come as a surprise to some executives at Canada’s largest property and casualty insurer. “We have seen a shift in commercial lines that is pretty abrupt in the past six