News Releases
News & Insights
News Release
May 11, 2021

Highlights

  • Net operating income per share up 49% to $2.40 and OROE of 19.0%, driven by strong underwriting performance and distribution results
  • Premiums grew 1% impacted by an additional $75 million of COVID-19 related relief for personal auto customers
  • Combined ratio of 89.3% was strong, with Canada at 88.2% and the U.S. at 96.3%, which included 7.6 points of weather-related catastrophe losses in the U.S.
  • EPS of $3.51 for the quarter and BVPS up 20% year-over-year to $62.19, driven by strong operating results and investment gains
  • Integration and transition planning with the RSA team is progressing well; all financing is secured, and closing is expected on June 1, 2021
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News Release
Intact Insurance MGA announces leadership appointment
May 5, 2021

Plymouth, Minn., May 5, 2021 -- Lee Barther has joined International Bond & Marine Brokerage, Ltd. ("IB&M"), a market-leading brokerage providing risk management solutions to the international trade industry, as Vice President of Operations. IB&M was acquired by Intact Insurance Specialty Solutions, a brand of Intact Financial Corporation (TSX: IFC), in September 2020. In this role, Barther will report to James Reiss, President of IB&M.

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News Release
February 9, 2021

Highlights

  • Net operating income per share of $3.18 in Q4-2020 and OROE of 18.4%, driven by strong underwriting performance and distribution results
  • Premiums grew 8% in the quarter and 9% for the full year with solid growth in all lines and The Guarantee Company of North America ("The Guarantee") acquisition
  • Combined ratio of 85.6% in Q4-2020 included $74 million of CAT losses, with $23 million related to the COVID-19 crisis
  • Our COVID-19 related relief has helped more than 1.2 million customers, with $530 million of support provided in 2020
  • Full year EPS of $7.20 and BVPS up 9% in 2020 to $58.79
  • RSA acquisition is progressing well and on track for Q2-2021 closing
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News Release
February 1, 2021

TORONTO, Feb. 1, 2021 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced the appointment of Carolyn A. Wilkins to its Board of Directors.

Ms. Wilkins had a distinguished twenty-year career at the Bank of Canada, serving as Senior Deputy Governor for the last six and a half years, overseeing strategic planning and economic and financial research. She was a member of the Bank's Governing Council and served as a member of the Bank's Board of Directors.

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News Release
January 5, 2021

PLYMOUTH, Minn. January 5, 2021 /CNW/ - Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (TSX: IFC) U.S. insurance company subsidiaries, announced that Melissa Goto has been appointed to lead its Technology business across North America, reporting to Senior Vice President Jeff Richardson. Goto succeeds Mary Fisk-Bieker, who was recently named as the company’s Head of Enterprise Underwriting.

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News Release
New program manager provides end-to-end cyberrisk management services
November 11, 2020

 

PLYMOUTH, Minn., Nov. 11, 2020 /PRNewswire/ -- Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, announced today its new cyber insurance solutions delivered in partnership with program manager Resilience Insurance. By innovatively blending Resilience's cyber analytics technology with Intact's risk transfer capabilities, the companies are enhancing the breadth of risk mitigation available to the cyber insurance market. 

 

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News Release
Intact Insurance MGA announces executive leadership appointment
November 9, 2020

Plymouth, Minn. November 9, 2020 -- James Reiss has been appointed President of International Bond & Marine Brokerage, Ltd. ("IB&M"), a market-leading brokerage providing risk management solutions to the international trade industry, which was recently acquired by Intact Insurance Specialty Solutions, a brand of Intact Financial Corporation (TSX: IFC). Reiss will now report to Peter Weightman, Senior Vice President and Chief Underwriting Officer, Specialty Solutions, North America.

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News Release
November 3, 2020

Highlights

  • Net operating income per share up 46% to $2.78, driven by solid underwriting performance across all lines, driven in part by benign weather, and strong distribution results
  • Healthy premium growth of 8% driven by strong retention and new business and including The Guarantee Company of North America ("The Guarantee") acquisition
  • Relief efforts helped more than 1.2 million customers, with $510 million provided year-to-date, including the recently launched $50 million targeted relief program for our most vulnerable small business customers
  • OROE of 16.9% and BVPS up 4% in the quarter to $56.22
  • Strong capital position with $1.9 billion of total capital margin available to manage potential further shocks and capture strategic opportunities
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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 28, 2020

PLYMOUTH, Minn (September 28, 2020) - OneBeacon Insurance Group, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, today announced that it has appointed a new Chief Information Officer for its U.S. operations, Vineet Bansal.

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