Keyword
RSA
How Intact will decide what becomes of RSA Canada’s brands
November 18, 2020 by Greg MeckbachIf 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…
What the OneBeacon deal says about Intact’s prospects with RSA acquisition
November 17, 2020 by Greg MeckbachIntact 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…
Anti-trust issues unlikely if Intact acquires RSA Canada: Analyst
November 16, 2020 by Greg MeckbachIntact 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…
Brokers react to Intact’s ‘unbelievable’ international expansion proposal
November 9, 2020 by Greg MeckbachA 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…
Why the impact of an Intact-RSA combo would vary by province
November 6, 2020 by Greg MeckbachThings 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…
Intact and Tryg preparing a joint offer to acquire RSA
November 5, 2020 by David GambrillA 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…
Supreme Court of Canada to hear coverage dispute over fatal motorcycle accident
April 27, 2020 by Greg MeckbachThe 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,…
RSA Canada CEO outlines the biggest game-changers in engineering insurance
October 3, 2019 by Greg MeckbachSensors 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…
Why this insurer gives workers 10 extra personal days off a year
September 23, 2019 by Greg MeckbachRemoving 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…
The trade-off to using artificial intelligence to speed up claims
August 29, 2018 by Greg MeckbachCanadian 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…
RSA Canada endorses “all of the recommendations” in Marshall report
February 26, 2018 by Greg MeckbachAlthough 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…
Insurance Brokers Association of British Columbia annual conference and trade show, June 14 to 16, 2017
June 14, 2017 by Canadian UnderwriterWhistler 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…