News & Insights
Featured updates and published expertise.
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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Whitepaper
By Elizabeth Marazzo, Information Technology Risk Control
October 1, 2020

Medicine plays a vital role in safeguarding public health throughout the world. Pharmaceutical companies develop medicines to treat and cure sickness and disease. However, despite these noble intentions, occasionally substances created for a specific therapeutic purpose become dangerous. Heroin, for example, was introduced in 1898 as a therapeutic drug but was later determined to be highly addictive, leading to significant abuse. Since then, numerous pharmaceuticals products developed for specific therapeutic uses have been proven to be moderately to highly addictive, resulting in overdoses and deaths.

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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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Published Articles
September 17, 2020

Economic risks and exposures associated with mortgage portfolios have become more complex; so has protecting banks from losses. As a response to this, OneBeacon Financial Service has created a new policy to account for different types of losses that could impair mortgages, as well as certain exposures from originating and services loans.

Authored for South Dakota Banker by OneBeacon's Financial Services’ Betsy Good.

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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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