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News InsuranceMarkets / CoveragesMergers and Aqcuisitions

How Intact will decide what becomes of RSA Canada’s brands

November 18, 2020 by Greg Meckbach

If Intact Financial Corp. takes over RSA Canada, the combined firm will go to market with the “strongest” brands, meaning it remains to be seen what happens in Canada to brands such as RSA, Unifund, and Johnson, Intact’s CEO suggested

News InsuranceMergers and Aqcuisitions

What the OneBeacon deal says about Intact’s prospects with RSA acquisition

November 17, 2020 by Greg Meckbach

Intact Financial Corp.’s recent experience writing commercial specialty in the United States is a good sign it could be successful writing property and casualty insurance overseas, analysts tell Canadian Underwriter. RSA plc and Intact announced earlier this month a possible

News InsuranceMergers and Aqcuisitions

Anti-trust issues unlikely if Intact acquires RSA Canada: Analyst

November 16, 2020 by Greg Meckbach

Intact Financial Corp. is unlikely to encounter any opposition from Canada’s competition regulator in acquiring RSA plc’s Canadian insurance operations, an expert from DBRS Morningstar predicts. “We see a material difference between the life insurance market and the P&C market

News Insurance

Brokers react to Intact’s ‘unbelievable’ international expansion proposal

November 9, 2020 by Greg Meckbach

A takeover of RSA Canada by Intact would still leave clients with plenty of choice in property and casualty insurance while making Intact more of an international player, an Ontario broker suggests. However, another notes that there is reason for

News AnnouncementsBrokersInsuranceMergers and Aqcuisitions

Why the impact of an Intact-RSA combo would vary by province

November 6, 2020 by Greg Meckbach

Things could get interesting for brokers in Atlantic Canada if Intact takes over RSA’s Canadian operations, a Saskatchewan broker told Canadian Underwriter Friday. That being said, he felt if the proposed deal announced Thursday goes through, it would still leave

News AnnouncementsInsuranceMergers and Aqcuisitions

Intact and Tryg preparing a joint offer to acquire RSA

November 5, 2020 by David Gambrill

A consortium composed of Intact Financial Corporation and Nordic property and casualty insurer Tryg A/S is preparing a cash offer to acquire RSA plc for £7.2-billion (about Cdn$12.3 billion). Intact is Canada’s largest property and casualty insurer, with a market

News AdjustersClaims CanadaInsuranceLegal

Supreme Court of Canada to hear coverage dispute over fatal motorcycle accident

April 27, 2020 by Greg Meckbach

The Supreme Court of Canada announced it will hear an auto liability coverage dispute involving RSA Canada, insurer of a motorcyclist who had alcohol in his system while holding a probationary licence. The motorcyclist, Steven Devecseri, was killed May 29,

News EngineeringInsurance

RSA Canada CEO outlines the biggest game-changers in engineering insurance

October 3, 2019 by Greg Meckbach

Sensors that gather data and feed it into computer systems could change the way engineering risks are assessed and underwritten by insurers, suggests Martin Thompson, president and CEO of RSA Canada. “We are going data crazy,” Thompson said Thursday while

News EmploymentInsurance

Why this insurer gives workers 10 extra personal days off a year

September 23, 2019 by Greg Meckbach

Removing the stigma of mental illness is something all industry leaders need to work on, and one of Canada’s biggest insurers is promoting mental well-being by giving workers more time off than they would normally be entitled to. RSA Canada

News ClaimsInsuranceTechnology

The trade-off to using artificial intelligence to speed up claims

August 29, 2018 by Greg Meckbach

Canadian insurers wanting to handle claims like Lemonade are going to have to accept some trade-offs, a Claims Summit speaker said Tuesday. New York City-based Lemonade Insurance Company uses artificial intelligence and says it can handle some claims in three

News Legislation / Regulation

RSA Canada endorses “all of the recommendations” in Marshall report

February 26, 2018 by Greg Meckbach

Although every Canadian auto insurance system has its problems, a special advisor to Ontario’s finance minister did an “excellent job” in describing the problems specific to that province, says the head of RSA Canada. “I don’t think there is an

Photos Associations

Insurance Brokers Association of British Columbia annual conference and trade show, June 14 to 16, 2017

June 14, 2017 by Canadian Underwriter

Whistler provided a spectacular backdrop for the 69th annual Conference & Tradeshow of the Insurance Brokers Association of B.C. Highlights included: a gala dinner capped with a performance by Juno Award-winning R&B group The Philosopher Kings; a keynote presentation on