Industry
Taking on potential disruptors and investing in technology are among the reasons Intact Financial Corp. is on a brokerage acquisition spree. “Our view is that scaling up distribution is the best way to fight disruption,” Intact CEO Charles Brindamour said during a recent earnings call. Although Brindamour did not elaborate on the disruption Intact is […]
By Greg Meckbach | November 12, 2019
2 min read
Several car makers have announced ambitious plans to go electric in the next decade or two, but as more electric vehicles (EVs) hit the streets, there could be an increased insurance risk, according to one insurer. With the growing popularity of EVs – nearly 3 million are expected to be sold this year globally, while […]
By Adam Malik | November 11, 2019
3 min read
How much has the demand for M&A transaction insurance grown in Canada? “While we do not have specific statistics, we estimate that demand has grown in the Canadian market at least in line with the broader Americas region at 20% year-on-year,” Richard Angevine, senior public relations consultant with Liberty Mutual Insurance, said Monday. Angevine was […]
By Jason Contant | November 11, 2019
If you’re feeling a cold coming on, you could be doing more harm than good if you make your way to the office, a workplace expert warned. And for some in the property and casualty space, employers allow for staff to take it easy. With cold and flu kicking into high gear, the tendency for […]
No-fault insurance is not a silver bullet that is going to solve the auto liability problem, but it can be helpful to insurers, provided that the coverage is not too generous, suggests the head of Canada’s largest property and casualty insurer. “I think that the no-fault product for both car repairs and bodily injury can […]
By Greg Meckbach | November 11, 2019
ST. JOHN’S, N.L. – Newfoundland and Labrador’s health department is apologizing for a privacy breach after a binder containing the personal information of 3,300 went missing almost two years ago. The department says it learned this October that a binder containing names, Medical Care Plan numbers and partial addresses has been missing since January 2018. […]
By The Canadian Press | November 8, 2019
1 min read
Canadian travel insurance provider TuGo has launched a complimentary flight delay service for travellers. The parametric insurance solution MyFlyt comes through a partnership with Ireland-based Blink, the travel insurtech that developed the product. If a flight is delayed by two hours or more, the travel insurance customer registered with MyFlyt instantly gets access to an […]
By Jason Contant | November 7, 2019
If your clients’ homes would cost more than $3 million to re-construct, they are probably in a new target market for Intact. “We chose historically not to play in that space because we felt we could not provide a second-to-none experience,” said Charles Brindamour, CEO of Intact Financial Corp. during an earnings call Wednesday. Brindamour […]
By Greg Meckbach | November 7, 2019
If you’re looking to craft a non-compete clause at your brokerage, don’t compare your employment agreement to other contracts in the industry. That’s one piece of advice that could be taken from a recent decision from British Columbia’s Civil Resolution Tribunal. In the ruling In A Wink Beautique (2013) Inc. v. Banich, tribunal member Trisha […]
4 min read
With the Canadian industry experiencing its lowest return on equity in 17 years, Intact’s senior leadership is not foreseeing a soft market in the short term. “To find similar [hard market] conditions, you have to go back to 2002-03,” Charles Brindamour, CEO of Intact Financial Corp., said Wednesday during a conference call, referring to premium […]
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