Your business is complex; no problem. Our experts are ready to craft targeted solutions designed to simplify your specialized insurance needs.
Your business is complex and our experienced teams of specialty insurance professionals are ready to design solutions for your specialized insurance needs.
Each of our businesses is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment. We have more than 20 specialized solutions which include: accident and health; commercial and contract surety; entertainment; environmental; excess property; financial institutions; financial services; inland marine for transportation, construction, fine arts and more; management liability including financial and professional lines; ocean marine; technology; and tuition refund.
This whitepaper provides an overview of the challenges resulting from the proliferation of a digitally interconnected society and the technology being implemented to address these challenges – specifically, the shift from a cloud-based computing to edge-based computing.
PLYMOUTH, Minn., March 17, 2022 /PRNewswire/ -- Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, announced that Dennis Schlaffer has been appointed to lead its Financial Services business unit in the U.S. Dennis succeeds Craig Collins, who has been in the role since 2005.
"In the short time he's been with Intact, Dennis has made a tremendous impact and we are pleased to recognize him with this leadership opportunity.
(in Canadian dollars except as otherwise noted)
Highlights
Net operating income per share of $3.78 in Q4-2021 and $12.41 for the full year increased 19% and 25%, respectively, driven by robust underwriting and distribution income, and meaningful accretion from RSA
EPS growth of 51% in the quarter and 72% in 2021 reflected strong operating results and investment gains
Operating DPW1 grew 75% in the quarter and 45% in 2021, mainly due to RSA, with healthy organic growth in commercial lines
Operating combined ratio of 87.8% in Q4-2021 as strong underlying performance outweighed elevated catastrophe losses
OROE of 17.8% and ROE of 17.0%, with BVPS growth of 40% to $82.34
Quarterly dividend increased by 10% to $1.00 per common share and initiating share buyback program
"As workers reevaluate their professions and ponder career paths that best match their values, beliefs and ideals, our industry faces an excellent opportunity to meet them and attract a more robust, diverse and interesting workforce...", says Carmen Duarte in an article she authored for PropertyCasualty360.
Duarte, Intact's VP Diversity, Inclusion and Social Impact, is currently the chair of the Insurance Industry Charitable Foundation’s Inclusion, Diversity, Equity and Accessibility Council Subcommittee on Talent. She talks about the inspiration behind IICF's new Talent Hub and how it'll impact recruitment in the insurance industry.
Click the link to read the article >>
Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company of North America USA, a Michigan insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441, except The Guarantee Company of North America USA, which is located at One Towne Square, Southfield, MI 48076. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.