News Releases
News & Insights
News Release
Intact Insurance Specialty Solutions is here, serving Canadian, cross-border and U.S customers and brokers
October 14, 2020

TORONTO, October 14, 2020 – Intact Financial Corporation (TSX: IFC) officially brings together its Canadian and U.S. specialty capabilities under a single brand: Intact Insurance Specialty Solutions. Unifying its specialty operations under one brand represents the full integration of this growing segment of Intact’s portfolio and its commitment to being a leader in the specialty lines marketplace.

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News Release
September 16, 2020

PLYMOUTH, Minn. September 16, 2020 /PR Newswire/ – OneBeacon Insurance Group, the brand for Intact Financial Corporation’s (TSX: IFC) U.S. insurance company subsidiaries, today announced that it has acquired the renewal rights to Brit Global Specialty USA’s admitted ‘First Dollar Package’ Public Entity portfolio. Additionally, Sharon Wright has joined OneBeacon and will lead the portfolio transition and expansion.

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News Release
September 11, 2020

PLYMOUTH, Minn.Sept. 11, 2020 /PRNewswire/ -- OneBeacon Insurance Group, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, today announced that it has acquired International Bond & Marine Brokerage, Ltd. ("IB&M"), a privately held brokerage specializing in the international trade markets. Through this transaction, OneBeacon expands its owned-brokerage assets and innovatively reshapes its customs bonds market offerings through an end-to-end risk management platform.

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News Release
August 25, 2020

OneBeacon Insurance Group has recently awarded sixteen $3,000 college scholarships: eight to the children and grandchildren of OneBeacon and The Guarantee employees, and eight to children of the company’s distribution partners.

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News Release
August 18, 2020

LAGUNA HILLS, CALIFORNIA, August 18, 2020 — Underscoring its commitment to provide insurance agents and their customers with the most comprehensive range of rental and staging coverages for every kind of live event, Take1 Insurance today announced a new strategic underwriting partnership with OneBeacon Entertainment, a member of OneBeacon Insurance Group.

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News Release
July 28, 2020

COVID-19 Update

  • Our focus remains on helping our employees, customers and communities through this crisis
  • Since March we have provided over $350 million of relief, including premium reductions and payment flexibility, to over a million customers
  • For the remainder of 2020 the crisis is expected to impact direct premiums written growth in the mid-single to low-double digit range, while underwriting performance is expected to be on track
  • Our operations and service levels remain strong and we have begun a risk-based, voluntary return to the office strategy for our employees

Financial Results

  • Net operating income per share up 63% to $2.35, with $0.64 per share of catastrophe losses
  • Premium growth of 7% following the impact of relief measures and including The Guarantee Company of North America ("The Guarantee") acquisition. Integration remains on target.
  • Strong underwriting performance across North America, with a combined ratio of 89.5%
  • Balance sheet strength maintained with $1.7 billion of total capital margin and 22.1% debt-to-total-capital ratio
  • BVPS of $53.95 increased 8% year-over-year on strong financial performance
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News Release
June 9, 2020

TORONTO, June 9, 2020 /CNW/ - Charles Brindamour, Chief Executive Officer of Intact Financial Corporation (TSX: IFC), will participate in a virtual fireside chat as a part of the Morgan Stanley Virtual U.S. Financials Conference on Wednesday, June 10, 2020 at 2:30 PM EST.

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News Release
May 6, 2020

COVID-19 Operational Update

  • Our focus is on helping our employees, customers and communities through this crisis
  • We are providing a range of relief measures to customers, including premium reduction and payment flexibility
  • As of May 4, 2020 we have provided over $130 million of relief to approximately 390,000 customers
  • While our employees are safe at home, our operations and service levels remain strong

Financial Results

  • Net operating income per share of $1.61, includes $83 million of direct COVID-19 related losses
  • Premium growth of 14% includes The Guarantee Company of North America ("The Guarantee") acquisition. Integration remains on target
  • Combined ratio of 94.3% in the quarter, with 93.3% in Canada and 100.1% in the U.S.
  • EPS of $0.66 was impacted by $96 million of equity impairments
  • Strong capital position with 202% MCT, 24.1% debt-to-total-capital and $1.5 billion of total capital margin
  • BVPS of $51.71 declined 4% in the quarter including $2.34 per share impact from capital market volatility
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News Release
April 27, 2020

TORONTO, April 27, 2020 /CNW/ - Intact Financial Corporation (TSX: IFC) will release its 2020 first quarter results after the market closes on Tuesday, May 5, 2020.

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News Release
Affirms Ratings of Intact Insurance Company and Remaining Subsidiaries
April 27, 2020

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “a” of The Guarantee Company of North America (GCNA) and its subsidiary, The Guarantee Company of North America USA (GCNA USA) (Southfield, MI) which are newly added members to Intact Financial Corporation (Intact Financial). The outlook assigned to these Credit Ratings (ratings) is stable.

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