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Why Intact Insurance Insurance?
Why Intact Insurance Specialty Solutions?
Our claims and risk control specialists understand businesses like yours. And all of our products are backed by the financial strength of Atlantic Specialty Insurance Company, a subsidiary of IFC, rated “A+” (superior) by AM Best.
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Hear from our Industry Experts.
Published Articles
February 15, 2021
It is well known that ATMs are subject to many different types of attacks, from skimming or tampering, to robbery. In the last few months, the U.S. has seen a spike in a new type of assault on ATMs-“Hook and Chain” attacks. In this style of attack, criminals attach chains or cables to the ATM, hook those chains to a vehicle and attempt to physically pull off the door of the safe of the ATM.
In a recent article published by Iowa Bankers Association, Intact Financial Services’ Craig Collins shares steps that banks can take to mitigate risk and protect their ATMs. He highlights procedural tune-ups, specialized hardware and location as three imperative factors to ensure that employees, customers, and equipment remain safe.
Click the link to read more. The article also appeared in The Kansas Banker magazine, South Dakota Banker magazine and Kentucky Banker Magazine.
News Release
February 9, 2021
Highlights
- Net operating income per share of $3.18 in Q4-2020 and OROE of 18.4%, driven by strong underwriting performance and distribution results
- Premiums grew 8% in the quarter and 9% for the full year with solid growth in all lines and The Guarantee Company of North America ("The Guarantee") acquisition
- Combined ratio of 85.6% in Q4-2020 included $74 million of CAT losses, with $23 million related to the COVID-19 crisis
- Our COVID-19 related relief has helped more than 1.2 million customers, with $530 million of support provided in 2020
- Full year EPS of $7.20 and BVPS up 9% in 2020 to $58.79
- RSA acquisition is progressing well and on track for Q2-2021 closing
In the News
February 8, 2021
James Bynoe, Chief Claims Counsel at Intact Insurance Specilaty Solutions, was quoted in the February issue of Claims and Litigation Management (CLM) Alliance Magazine on the importance of diversity and inclusion, and how he strives to end systemic racism in the insurance industry.
Read more on page 42 and page 17.
News Release
February 1, 2021
TORONTO, Feb. 1, 2021 /CNW/ - Intact Financial Corporation (TSX: IFC) today announced the appointment of Carolyn A. Wilkins to its Board of Directors.
Ms. Wilkins had a distinguished twenty-year career at the Bank of Canada, serving as Senior Deputy Governor for the last six and a half years, overseeing strategic planning and economic and financial research. She was a member of the Bank's Governing Council and served as a member of the Bank's Board of Directors.
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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.