Intact Insurance Specialty Solutions Now Offering Trade Credit Coverage

Producers Careers Specialty Solutions Canada

Pablo Brando and Brian Lavelle to deliver new U.S. specialized insurance solution

News Release

February 5, 2024

Plymouth, Minn., Feb.05 2024 -- Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, today announced the launch of its U.S. Trade Credit business. Pablo Brando has been appointed President of U.S. Trade Credit and will lead the business, supported by Brian Lavelle, Vice President, Trade Credit U.S.

“We are happy to welcome Pablo and Brian to Intact and pleased to deliver another specialized offering for our brokers and their customers,” says Michael Seff, Intact’s Senior Vice President, Specialty Lines. “With Pablo’s leadership and more than 25 years of expertise, we are well positioned for success in the U.S. market and to hit the ground running.”

Pablo and team will report to Jay Rampersad, Head of Trade Credit for North America and be based out of New York City.

“In today’s economic landscape, Trade Credit insurance serves as a vital safeguard against default risk, enabling businesses to operate with confidence amidst heightened uncertainty,” says Rampersad. “I look forward to working with the team to leverage our deep understanding of Trade Credit and deliver an outstanding product and service to our broker partners.”

In the U.S., Intact Trade Credit offers tailored solutions designed for a wide range of industries including Aerospace, Agriculture, Agricultural Services and Products, Automotive, Chemicals, Distribution, Energy, Equipment and Machinery, Financial Services, Food & Beverage, Manufacturing, Metals, Technology, Telecommunications, Transportation, and Wholesale. The product is currently available in 17 states. For more information on products and services, visit intactspecialty.com/trade-credit.

Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company of North America USA, a Michigan insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441, except The Guarantee Company of North America USA, which is located at One Towne Square, Southfield, MI 48076. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.