Canadian Underwriter

Sylvie Paquette

News AppointmentsInsuranceProfessional Development

Auto parts titan nominated to Intact’s board of directors

April 5, 2018 by Greg Meckbach

An engineer with “extensive mergers and acquisitions experience” is up for election to Intact Financial Corp.’s board of directors, the property and casualty insurer announced recently. William Young, chairman of the board of Aurora, Ont.-based auto parts maker Magna International

News AppointmentsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Desjardins’ acquisition of Western Financial caused ‘headaches’ for brokers: Baker

April 19, 2017 by Canadian Underwriter

If Trimont Financial Ltd. acquires Western Financial Group, Desjardins Group officials will have “more time to focus on further integrating State Farm,” MSA Research Inc. suggested in a recent report released Tuesday. “Slowly but surely, the complexion of the industry

News CatastrophesInsuranceMergers and AqcuisitionsProfessional DevelopmentReinsurance

Intact reports Q1 cat losses of $88 million, aims to double direct-to-consumer business in ‘near term’

April 7, 2017 by Canadian Underwriter

Intact Financial Corp. recently reported its catastrophe losses, net of reinsurance, were $88 million for the first three months of 2017. Toronto-based Intact also says it wants to “double” its direct-to-consumer business in the “mid-term” and is nominating Sylvie Paquette,

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Desjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire losses estimated at $30.2 million

August 15, 2016 by Canadian Underwriter

Levis, Que.-based Desjardins General Insurance Group (DGIG) released its second quarter financial results on Friday, reporting an estimated expense of $30.2 million after reinsurance and income taxes related to the Fort McMurray wildfire and a combined ratio of 99.1%. “The

News AssociationsCatastrophesInsuranceMergers and Aqcuisitions

Catastrophic earthquake could threaten Canada’s p&c industry, government backstop needed for “unthinkable” events: IBC

April 22, 2016 by Angela Stelmakowich

A catastrophic earthquake could threaten Canada’s property and casualty industry, clearly illustrating the need to have in place a government backstop, Sylvie Paquette, chair of the Board of Directors for Insurance Bureau of Canada (IBC), said following IBC’s Annual General

News AssociationsInsuranceMergers and Aqcuisitions

Work on refining IBC’s flood proposal continues, all properties must be covered under strategy: Forgeron

April 21, 2016 Angela Stelmakowich, Editor

No country offering flood protection has got things “100% right,” but Insurance Bureau of Canada (IBC) will continue to refine its proposal for a national flood strategy that ensures all areas, even high-risk areas, are covered and that works for

News AssociationsInsurance

Consistent approach by Canada’s p&c insurers essential to address existing, emerging issues: IBC chair

April 21, 2016 Angela Stelmakowich, Editor

Collaboration and consistency among Canada’s property and casualty insurers will be key as the industry looks to tackle top-of-mind issues – like the sharing economy and overland flood – in a rapidly changing and increasingly complex environment, Sylvie Paquette, chair