This edition of International People Moves details appointments at QBE Re, Intact Financial Corp., and Hamilton Re. A summary of these new hires follows here. QBE Re Appoints Guarnori and Ahluwalia to Senior Roles QBE Re has appointed Andrew Guarnori …
Intact Financial Corp. has kicked off the sale of its personal insurance subsidiary in the UK, which could be valued at around £500 million ($620 million), people with knowledge of the matter said. The Canadian insurer is working with JPMorgan …
Intact Financial Corp. and Tryg A/S have completed the sale of Codan Forsikring A/S’ Danish business to Alm. Brand A/S, after receiving all required approvals. On June 11 2021, it was announced that Codan DK would be acquired by Alm. …
This edition of International People Moves details appointments at RSA UK & International and Marsh. A summary of these new hires follows here. Norgrove to Succeed Egan as RSA CEO, UK & International Toronto-based Intact Financial Corp. announced that Ken …
TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents. The increase in premiums, about 20% to …
Intact Financial Corp. and Tryg A/S have entered into an agreement to sell Codan Forsikring A/S’s Danish business to Alm. Brand A/S Group for about 12.6 billion Danish kroner (approximately $2.52 billion) in cash. The agreement has been made with …
Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong), after its acquisition of RSA Insurance Group. Fitch also upgraded the IFS of RSA’s operating subsidiary, Royal & Sun Alliance …
Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after receiving all required approvals. Toronto-based Intact retains RSA’s Canadian, UK and International entities, while Tryg, which is heaquartered in Ballerup, …
Intact Financial Corp. is bringing together its Canadian and U.S. specialty insurance operations under a single brand: Intact Insurance Specialty Solutions. The U.S. businesses had previously operated under the OneBeacon Insurance Group and The Guarantee Company of North America brands …
A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are wrongfully refusing to honor their contracts,” said E.F. Anthony …
