(PLYMOUTH, Minn. April 15, 2024) -- Scott Reinke joins Intact Insurance Specialty Solutions as Chief Underwriting Officer for its Transactional Surety team. With over 20 years of experience, Scott is well-known across the transactional surety market for his expertise, his relationships with partners and customers and consistently delivering results.

Companies are expanding their global footprint more frequently, and with that comes additional and unique risks. In this article authored by Intact’s Jeremy Allerton, he outlines three scenarios where locally admitted insurance should be purchased when an insured has an international presence and is exposed to their local laws, regulations, etc. Read the full article to learn more, and how Intact can provide multinational solutions to such circumstances.

As winter fades away and spring beckons, it's time to get your boat back on the water. But before you can set sail, you'll need to undo all the winterizing you did to protect your vessel during the colder months. De-winterizing your boat is a crucial step to ensuring it’s properly functioning. 

Click the link to read complete article by National Marine Underwriters.

Highlights

• Net operating income per share1 up 45% to $4.22, driven by strong underwriting, investment and distribution results
• Undiscounted combined ratio1 was solid at 90.1% (85.0% discounted), reflecting strong underlying performance across all geographies and our exit from the UK personal lines market, tempered by catastrophe losses in the UK&I
• Operating DPW1,2 increased 4%, with organic growth of 8%, led by double-digit growth in personal lines

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.

PLYMOUTH, Minn., Jan. 8, 2024 /PRNewswire/ --  Intact Insurance Specialty Solutions, the marketing brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, is pleased to introduce a new brand name for its E&S builders risk segment - Striior Insurance Solutions. Previously operating as Highland Insurance Solutions, this change reflects the strong foundation the business was built upon, the expertise of the team and the ambitious goals of the group.

PLYMOUTH, Minnesota (November 13, 2023) – Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (TSX:IFC) U.S. insurance company subsidiaries, announced that Adam Brady has been appointed to lead its Accident & Health business in the U.S. Adam succeeds Lori Cernera as president who has been in the role since 2006.

PLYMOUTH, Minn., Aug. 15, 2023 /PRNewswire/ -- Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, recently awarded sixteen $3,000 college scholarships: eight to the children and/or grandchildren of Intact employees, and eight to children and/or grandchildren of the company's distribution partners. Recipients were selected based on criteria such as academic performance, leadership roles and participation in school and community activities.

PLYMOUTH, Minnesota (August 8, 2023) – Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, announced that Peter Burt has been appointed to lead its North American Entertainment segment. Peter succeeds Joe Fitzgerald, who will retire at the end of the year and remains an acting consultant for the business until that time.   

Highlights

• Operating DPW2 growth of 6% in Q2-2023 driven by rate actions in supportive market conditions
• Net operating income per share decreased 30% to $2.30, largely due to an increase in catastrophe losses to $421 million, partially offset by higher investment income
• EPS of $1.30 was lower than last year, which had benefited from the sale of Codan Denmark and large gains on equity investments
• Combined ratio of 92.2% (96.3% undiscounted) included 8 points of catastrophe losses that were twice as high as expected, while underlying performance was strong in all geographies
• Personal auto results were strong at a 91.2% combined ratio, reflecting our profitability actions and moderating inflation
• Operating ROE of 12.8% (and ROE of 9.0%) despite elevated catastrophe losses and $2.5 billion of total capital margin