TORONTO, Oct. 14, 2020 /PRNewswire/ -- 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.
"Our commitment to building a world-class specialty insurance
provider takes an important step forward today as we bring the
Intact brand to the U.S.," said Charles
Brindamour, Chief Executive Officer, Intact Financial
Corporation. "We see strong future growth potential in our
specialty lines business given our team's expertise and our robust
solutions for Canadian, cross-border and U.S. customers and
brokers."
The U.S. businesses had previously operated under the OneBeacon
Insurance Group and The Guarantee Company of North America brands in the U.S., following
the 2017 and 2019 acquisitions of these specialty companies,
respectively.
"This is an exciting day for us in the U.S. and our teams in
Canada, as we officially move
forward as Intact Insurance Specialty Solutions," added
Mike Miller, President, U.S.
Operations and Intact Insurance Specialty Solutions. "The entire
North American specialty team looks forward to continuing to
provide our customers and brokers with our hallmark specialized
products and services, backed by the strength of the Intact
brand."
The combined Intact Insurance Specialty Solutions brand features
over 20 specialty focus areas, including nine that serve both
Canadian and U.S. customers. It is a market-leading provider of
certain lines of business, including being the sixth largest
provider of surety bonds in North
America.
Intact Insurance Specialty Solutions' underwriting companies
offer a broad range of specialty insurance products through
independent agencies, regional and national brokers, wholesalers
and managing general agencies throughout North America. Each business is managed by an
experienced team of specialty insurance professionals focused on a
specific customer group or industry segment, and providing distinct
products and tailored coverages and services. For information about
products and services visit
intactspecialty.com (U.S.) and intactspecialty.ca
(Canada).
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider
of property and casualty (P&C) insurance in Canada and a leading provider of specialty
insurance in North America, with
over CAD$11 billion in total annual
premiums. The Company has approximately 16,000 employees who serve
more than five million personal, business and public sector clients
through offices in Canada and the
U.S.
In Canada, Intact distributes
insurance under the Intact Insurance brand through a wide network
of brokers, including its wholly-owned subsidiary BrokerLink, and
directly to consumers through belairdirect. Frank Cowan Company, a
leading MGA, distributes public entity insurance programs including
risk and claims management services in Canada.
In the U.S., Intact Insurance Specialty Solutions provides a
range of specialty insurance products and services through
independent agencies, regional and national brokers, and
wholesalers and managing general agencies. Products are
underwritten by the insurance company subsidiaries of Intact
Insurance Group USA, LLC.
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SOURCE Intact Financial Corporation
