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Cision Canada
11-06-2025
- Business
- Cision Canada
Intact Financial Corporation increases investment in its Municipal Climate Resiliency Grants program to $3.1 million Français
The City of Kelowna, along with 18 other municipalities, registered charities, and Indigenous communities awarded funding to support local projects that implement proven solutions to flooding and wildfire TORONTO, June 11, 2025 /CNW/ - Intact Financial Corporation is pleased to announce that it is increasing its investment in its Municipal Climate Resiliency Grants program from $2 million to $3.1 million to support 19 communities across Canada, including the City of Kelowna, address the effects of extreme weather events, such as flooding and wildfire. The projects funded will help protect communities as they adapt to a changing climate, focusing on vulnerable areas and solutions that protect the wider community or mobilize residents to take action. The 19 selected recipients represent municipalities, registered charities and Indigenous communities across the country and were selected from a competitive pool of 172 applicants. Intact will invest up to $200,000 into each of the selected projects, which range from creating wetlands and rain gardens to help reduce flooding, to the implementation of incentive programs for homeowners to make their homes more wildfire resilient. "As the frequency and severity of extreme weather continues to increase, we are accelerating our efforts in helping people and communities adapt to a changing climate," says Carla Smith, Executive Vice President and Chief Strategy, Climate and People Officer, Intact Financial Corporation. "Municipalities are on the frontlines of climate adaptation. The work they undertake to protect their communities is essential, and we recognize and appreciate their leadership. We believe equipping them with effective tools is essential to building resilience." Kelowna enhances wildfire protection for its communities As Canada faces another extreme wildfire season, the urgency to protect at-risk communities is critical. Recognizing this pressing need, Intact is announcing the City of Kelowna, British Columbia, as one of the recipients of its 2025 Municipal Climate Resiliency Grants program. Demonstrating leadership and commitment to municipal safety and its residents, Kelowna will invest an additional $500,000 to augment Intact's $100,000 grant. This funding will support a wildfire risk reduction project in priority neighbourhoods that employs prescribed fire (also known as controlled burns) in natural areas, augmenting ongoing FireSmart TM home initiatives. With this strategic investment, Kelowna is stepping up, showcasing how municipalities can act decisively to protect their communities from the increasing threat of wildfires. "Western Canada is experiencing another devastating wildfire season. Our team witnesses firsthand the hardships and challenges people endure during these times and our thoughts are with everyone impacted. As our team is on the ground supporting communities who are experiencing wildfires at this very moment, our focus is on helping Canadians protect what matters the most to them and investing in communities to be more wildfire-ready and resilient," adds Carla Smith. "Thanks to the Municipal Climate Resiliency Grant, Kelowna's prescribed fire project is reducing wildfire risk while restoring ecosystem health. This investment strengthens our community's climate resilience and safeguards our natural environment. We're grateful for this support—it helps protect our residents and ensures a safer, more sustainable future for generations to come," says Tom Dyas, Mayor of Kelowna Intact has been dedicated to climate adaptation for over a decade, investing more than $30 million since 2010 in over 100 projects. The Municipal Climate Resiliency Grants program was launched in 2021 to support municipalities, which own 60 per cent of Canada's infrastructure and serve as frontline responders when disasters strike. Under the program's first round of funding, Intact invested $1 million to fund 10 communities nationwide. In 2024, the organization announced plans to double its commitment from $1 to $2 million for the 2024-2025 program. With the overwhelming demand and urgent need, Intact is increasing its contribution to $3.1 million over the next two years to support 19 communities throughout Canada. The 18 other Municipal Climate Resiliency Grant projects will be announced in the upcoming weeks as agreements are finalized. To learn more about Intact's Municipal Climate Resiliency Grant program, please visit: How Intact is supporting Canadians prepare for a changing climate: Through its partnership with the Intact Centre on Climate Adaptation, Intact has released e asy-to-follow infographics and simple maintenance steps explaining how Canadians can help protect their communities against extreme weather, including wildfire and floods. The Intact Centre, in partnership with FireSmart Alberta, has recently launched a new FireSmart™ Scorecard to help Alberta communities assess and strengthen their wildfire readiness. This tool could be customized to help communities across the country protect people, homes and infrastructure from wildfire risk. At no additional cost, Intact offers eligible customers in Alberta and British Columbia a wildfire prevention service. When communities are threatened by active wildfires the team is deployed to help protect homes including by removing combustible materials around properties, setting up temporary sprinkler systems, and covering exterior vents and closing exterior doors, windows and garage doors. Through its acquisition of Jiffy, Canada's no. 1 home maintenance app, Intact connects homeowners with skilled professionals that provide services which can help reduce the risks of extreme weather events, such as cleaning eavestroughs, sump pump installations, and roof repairs. The Jiffy app is available in the Greater Toronto Area, Ottawa, Calgary and recently expanded to Edmonton and Vancouver. Key facts In 2024, approximately 70% of the total area burned by wildfires occurred in Western Canada, impacting municipalities in British Columbia, Alberta, Northwest Territories, and Saskatchewan. Summer of 2024 was the most destructive season in Canadian history for insured losses due to severe weather, totaling $7.7 billion. With 228,000 claims filed, this represents a 406% increase in claims due to severe weather events compared with the 20-year average. Municipalities own and operate 60% of the public infrastructure in Canada. About Intact Financial Corporation Intact Financial Corporation (TSX: IFC) is the largest provider of Property and Casualty (P&C) insurance in Canada, a leading Specialty lines insurer with international expertise and a leader in Commercial lines in the UK and Ireland. The business has grown organically and through acquisitions to almost $24 billion of total annual operating direct premiums written (DPW). In Canada, Intact distributes insurance under the Intact Insurance brand through agencies and a wide network of brokers, including its wholly- owned subsidiary BrokerLink. Intact also distributes directly to consumers through the belairdirect brand and affinity partnerships. Additionally, Intact provides exclusive and tailored offerings to high-net-worth customers through Intact Prestige. In the US, Intact Insurance Specialty Solutions provides a range of Specialty insurance products and services through independent agencies, regional and national brokers, wholesalers and managing general agencies. Across the UK, Ireland, and Europe, Intact provides Personal, Commercial and/or Specialty insurance solutions through the RSA, NIG and FarmWeb brands. SOURCE Intact Financial Corporation
Cision Canada
06-06-2025
- Business
- Cision Canada
Intact Financial Corporation Announces Successful Completion of Consent and Proxy Solicitation Regarding $2.9 Billion Aggregate Principal of Medium Term Notes Français
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, June 6, 2025 /CNW/ - Intact Financial Corporation (TSX: IFC) (" Intact" or the " Company") announced today that, in connection with its previously announced consent and proxy solicitation, it has received the requisite written consents to amend the indenture governing 10 series of Canadian dollar-denominated medium term notes representing $2.9 billion aggregate principal amount. As previously announced, Intact solicited written consents and proxies (the " Consent and Proxy Solicitation") whereby holders (collectively, " Noteholders") of Intact's outstanding Series 2 6.40% unsecured medium term notes due November 23, 2039, Series 3 6.20% unsecured medium term notes due July 8, 2061, Series 5 5.16% unsecured medium term notes due June 16, 2042, Series 6 3.77% unsecured medium term notes due March 2, 2026, Series 7 2.85% unsecured medium term notes due June 7, 2027, Series 9 1.928% unsecured medium term notes due December 16, 2030, Series 10 2.954% unsecured medium term notes due December 16, 2050, Series 12 2.179% unsecured medium term notes due May 18, 2028, Series 13 3.765% unsecured medium term notes due May 20, 2053 and Series 14 5.276% unsecured medium term notes due September 14, 2054 (collectively, the " Applicable Medium Term Notes") issued under the trust indenture between Intact, as issuer, and Computershare Trust Company of Canada (the " Trustee"), as trustee, dated as of May 21, 2009, as amended (the " Indenture"), were asked to consider an amendment by way of Extraordinary Resolution (as defined in the Indenture) (the " Amendment Resolution"), the full text of which is set forth within the joint consent and proxy solicitation statement (as it may be amended or supplemented, the " Consent and Proxy Solicitation Statement"), to approve a proposed amendment (the " Proposed Amendment") to the Indenture solely as it relates to the Applicable Medium Term Notes as described in the Consent and Proxy Solicitation Statement, and to authorize Intact, at its option, and the Trustee to enter into a supplemental indenture (the " Supplemental Indenture") pursuant to which the Proposed Amendment will come into force, all subject to the terms and conditions set forth in the Consent and Proxy Solicitation Statement. The deadline for written consent expired at 5:00 p.m. (Toronto time) on June 5, 2025 (the " Written Consent Deadline"). Intact required the written consent of the holders of not less than 66 2/3% of the aggregate principal amount of the outstanding Applicable Medium Term Notes to consent to the Proposed Amendment. As at the Written Consent Deadline, Noteholders representing in excess of 66 2/3% of the aggregate outstanding principal amount of the Applicable Medium Term Notes consented to the Proposed Amendment. Intact and the Trustee will promptly execute the Supplemental Indenture pursuant to which the Proposed Amendment will come into force. The Supplemental Indenture will be effective when executed. Because the Amendment Resolution was passed by written consent of the Noteholders by the Written Consent Deadline, the meeting of the Noteholders that was previously scheduled for 2:00 p.m. (Toronto time) on June 12, 2025 is cancelled. Noteholders as of 5:00 p.m. (Toronto time) on May 7, 2025 who authorized and directed their CDS Participant (as defined in the Consent and Proxy Solicitation Statement) to elect to consent to the Proposed Amendment, and whose CDS Participant made such election prior to the Written Consent Deadline will receive a consent fee of $1.00 per $1,000 principal amount of Applicable Medium Term Notes held (the " Consent Fee"). Noteholders who failed to deliver a valid written consent prior to the Written Consent Deadline will not be entitled to receive the Consent Fee. This press release is for informational purposes only and does not amend the Consent and Proxy Solicitation, which has expired on the terms and subject to the conditions set forth in the Consent and Proxy Solicitation Statement. Any persons with questions regarding the Consent and Proxy Solicitation should contact: About Intact Financial Corporation Intact Financial Corporation (TSX: IFC) is the largest provider of Property and Casualty (P&C) insurance in Canada, a leading Specialty lines insurer with international expertise and a leader in Commercial lines in the UK and Ireland. The business has grown organically and through acquisitions to almost $24 billion of total annual operating direct premiums written (DPW). In Canada, Intact distributes insurance under the Intact Insurance brand through agencies and a wide network of brokers, including its wholly- owned subsidiary BrokerLink. Intact also distributes directly to consumers through the belairdirect brand and affinity partnerships. Additionally, Intact provides exclusive and tailored offerings to high-net-worth customers through Intact Prestige. In the US, Intact Insurance Specialty Solutions provides a range of Specialty insurance products and services through independent agencies, regional and national brokers, wholesalers and managing general agencies. Across the UK, Ireland, and Europe, Intact provides Personal, Commercial and/or Specialty insurance solutions through the RSA, NIG and FarmWeb brands. Cautionary note regarding forward-looking statements Certain of the statements included in this press release about the Consent and Proxy Solicitation, including statements regarding the finalization of the Consent and Proxy Solicitation process, the payment of the Consent Fee, and the intent and timing of the implementation of the Proposed Amendment and execution of the Supplemental Indenture, or any other future events or developments, constitute forward-looking statements. The words "may", "will", "would", "should", "could", "expects", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "predicts", "likely", "potential" or the negative or other variations of these words or other similar or comparable words or phrases, are intended to identify forward-looking statements. Unless otherwise indicated, all forward-looking statements in this press release are made as of the date hereof and are subject to change. Forward-looking statements are based on estimates and assumptions made by management based on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements. In addition to other estimates and assumptions which may be identified herein, estimates and assumptions have been made regarding, among other things, the terms and conditions of the Consent and Proxy Solicitation and Proposed Amendment and the timing of the implementation of the Proposed Amendment. All of the forward-looking statements included in this press release are qualified by these cautionary statements and those made in the section entitled Risk Management (Sections 25 and 28) included in IFC's management's discussion and analysis for the year ended December 31, 2024 and IFC's annual information form for the year ended December 31, 2024 and those made in the section entitled Risk Management (Section 14) included in IFC's management's discussion and analysis for the quarter ended March 31, 2025, all of which are available on the Company's website at and on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect the Company. These factors should, however, be considered carefully. Although the forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Investors should not rely on forward-looking statements to make decisions, and investors should ensure the preceding information is carefully considered when reviewing forward-looking statements made in this press release. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Disclaimer This press release shall not constitute or form part of an offer to sell or the solicitation of an offer to buy or subscribe for any securities in the United States or in any other jurisdiction where such offer is unlawful nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. The information contained in this press release concerning the Company and the Consent and Proxy Solicitation does not purport to be all-inclusive or to contain all the information that an investor may desire to have in evaluating whether or not to approve the Proposed Amendment. The information is qualified entirely by reference to the Consent and Proxy Solicitation Statement and to the Company's publicly disclosed information and the cautionary note regarding forward-looking statements included in this press release. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its the directors, officers or employees as to the accuracy, completeness or fairness of the information or opinions contained in this press release and no responsibility or liability is accepted by any person for such information or opinions. In furnishing this press release, the Company does not undertake or agree to any obligation to provide investors with access to any additional information or to update this press release or to correct any inaccuracies in, or omissions from, this press release that may become apparent. The information and opinions contained in this press release are provided as at the date of this press release. The contents of this press release are not to be construed as legal, financial or tax advice. Each investor should contact his, her or its own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice. Any website address included in this press release is an inactive textual reference only and information appearing on such website is not part of, and is not incorporated by reference in, this press release. SOURCE Intact Financial Corporation
Business Wire
22-05-2025
- Business
- Business Wire
AM Best Affirms Credit Ratings of Intact Financial Corporation and Its Core Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of 'aa-' (Superior) of Intact Insurance Company, the lead company of Intact Financial Corporation (IFC) [TSX: IFC], as well as the core insurance subsidiaries of IFC. Concurrently, AM Best has affirmed the Long-Term ICR of 'a-' (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of IFC, the parent holding company. In addition, AM Best has affirmed the Long-Term ICR of 'a-' (Excellent) of Intact U.S. Holdings Inc. (Delaware), an intermediate holding company of IFC. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Ontario, Canada, unless otherwise specified. (Please see below for a complete listing of the FSRs, Long-Term ICRs and Long-Term IRs for the core members of Intact Financial Corporation.) The ratings reflect IFC's consolidated balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM). IFC's balance sheet strength assessment is supported by its very strong risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), long-term capital growth and historically favorable reserve development trends. Furthermore, the balance sheet strength assessment reflects IFC's favorable liquidity profile which is supported by a prudent investment approach. Surplus accumulation over the long term has been driven by capital raises (both debt and stock offerings) in support of acquisitions, as well as profitable operating earnings in more recent years. IFC's financial leverage ratios remain within AM Best guidelines and have improved through first-quarter 2025, driven by favorable net earnings and re-payment of debt through 2024. Overall, IFC benefits from financial flexibility through access to Canadian and U.S. capital markets. AM Best views IFC's operating performance as strong driven by consistently favorable underwriting results through all geographic territories, which includes Canada, the United States, the United Kingdom and Ireland (UK&I). Additionally, overall net earnings have also benefited from increasing net investment income. Despite IFC's primary market of Canada having seen historical catastrophe activity over the recent five-year period, IFC's results have remained favorable owing to its underwriting guidelines, market knowledge and geographic diversification. In the UK&I, IFC's focus in 2024 has been on the integration of Direct Line Insurance Group plc's brokered commercial lines operations, as well as continued refinement following IFC's personal lines exit in that market. AM Best notes that these strategic actions are expected to continue enhancing IFC's operating performance further in the organization's UK&I business. AM Best assesses IFC's business profile as favorable, reflecting excellent geographic, product and channel diversifications in the independent broker channel and direct to consumer. IFC is the largest provider of property/casualty insurance in Canada and benefits from a strong brand name recognition through its operating entities. Intact U.S. provides the organization with further diversification and a North America-based platform to write specialty commercial lines. AM Best considers IFC's ERM program as appropriate, supported by a comprehensive risk framework that includes robust internal controls, clearly defined risk appetites and tolerances and effective mitigation strategies. AM Best also comments that the ratings of The Guarantee Company of North America USA (GCNA), part of IFC's specialty operations in the United States, remain unchanged and under review with negative implications pending the closing of the proposed sale of GCNA to Hadron Holdco LLC, which remains subject to regulatory approval. The FSR of A+ (Superior) and the Long-Term ICRs of 'aa-' (Superior) have been affirmed with stable outlooks for the following members of the Intact Financial Corporation: Atlantic Specialty Insurance Company Belair Insurance Company Inc. Homeland Insurance Company of New York Homeland Insurance Company of Delaware Intact Insurance Company Jevco Insurance Company Novex Insurance Company OBI America Insurance Company OBI National Insurance Company Split Rock Insurance, Ltd. The Nordic Insurance Company of Canada Trafalgar Insurance Company of Canada The following Long-Term IRs have been affirmed with stable outlooks: Intact Financial Corporation— -- 'a-' (Excellent) on $500 million, 5.459% senior unsecured medium-term notes, due 2032 -- 'a-' (Excellent) on CAD 250 million, Series 2, 6.40% senior unsecured medium-term notes, due 2039 -- 'a-' (Excellent) on CAD 100 million, Series 3, 6.2% senior unsecured medium-term notes, due 2061 -- 'a-' (Excellent) on CAD 250 million, Series 5, 5.16% senior unsecured medium-term notes, due 2042 -- 'a-' (Excellent) on CAD 250 million, Series 6, 3.77% senior unsecured medium-term notes, due 2026 -- 'a-' (Excellent) on CAD 425 million, Series 7, 2.85% senior unsecured medium-term notes, due 2027 -- 'a-' (Excellent) on CAD 300 million, Series 9, 1.928% senior unsecured medium-term notes, due 2030 -- 'a-' (Excellent) on CAD 300 million, 4.653% senior unsecured medium-term notes, due 2034 -- 'a-' (Excellent) on CAD 300 million, Series 10, 2.954% senior unsecured medium-term notes, due 2050 -- 'a-' (Excellent) on CAD 375 million, Series 12, 2.179% senior unsecured medium-term notes, due 2028 -- 'a-' (Excellent) on CAD 250 million, Series 13, 3.765% senior unsecured medium-term notes, due 2053 -- 'a-' (Excellent) on CAD 400 million, Series 14, 5.276 % senior unsecured medium-term notes, due 2054 -- 'a-' (Excellent) on CAD 300 million, Series 16, 4.645 senior unsecured medium-term notes, due 2060 -- 'bbb' (Good) on CAD 150 million, 5.25% preferred shares -- 'bbb+' (Good) on CAD 250 million, 4.125% subordinated debentures, due 2081 -- 'bbb' (Good) on CAD 300 million, 7.338% subordinated debentures, due 2083 -- 'bbb' (Good) on CAD 250 million, 4.841% non-cumulative five-year reset Class A Series 1 preferred shares -- 'bbb' (Good) on CAD 250 million, 3.457% non-cumulative five-year rate reset Class A Series 3 preferred shares -- 'bbb' (Good) on CAD 150 million, 5.2% non-cumulative fixed rate Class A Series 5 preferred shares -- 'bbb' (Good) on CAD 150 million, 5.3% non-cumulative fixed rate Class A Series 6 preferred shares -- 'bbb' (Good) on CAD 250 million, 4.9% non-cumulative five-year rate reset Class A Series 7 preferred shares -- 'bbb' (Good) on CAD 150 million, 5.4% non-cumulative fixed rate shares Class A Series 9 preferred shares The following indicative Long-Term IRs under the shelf registration have been affirmed with stable outlooks: Intact Financial Corporation— -- 'a-' (Excellent) on senior unsecured notes -- 'bbb+' (Good) on subordinated unsecured notes -- 'bbb' (Good) on Class A preferred shares This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Yahoo
15-05-2025
- Business
- Yahoo
Media Advisory - Intact Financial Corporation to host Investor Day on May 21
TORONTO, May 15, 2025 /CNW/ - Intact Financial Corporation (TSX: IFC) will host an Investor Day event on Wednesday, May 21, 2025 with formal presentations by senior executives beginning at 8:45 a.m. ET. The event is expected to conclude at approximately 12:30 p.m. E.T. Charles Brindamour, Chief Executive Officer, and Ken Anderson, Chief Financial Officer, will share details on the Company's strategic roadmap. Senior executives will provide insights into Intact's strategies for generating strong organic growth in Canada, the UK&I and Global Specialty Lines. They will also discuss expanding margins through Data & AI and our claims & supply chain network, as well as optimizing capital allocation. Webcast details: A link to access the live webcast is available in the Events and Presentations section of Intact Financial Corporation's website. The video replay will be available following the event. About Intact Financial Corporation Intact Financial Corporation (TSX: IFC) is the largest provider of Property and Casualty (P&C) insurance in Canada, a leading Specialty lines insurer with international expertise and a leader in Commercial lines in the UK and Ireland. The business has grown organically and through acquisitions to almost $24 billion of total annual operating direct premiums written (DPW). In Canada, Intact distributes insurance under the Intact Insurance brand through agencies and a wide network of brokers, including its wholly-owned subsidiary BrokerLink. Intact also distributes directly to consumers through the belairdirect brand and affinity partnerships. Additionally, Intact provides exclusive and tailored offerings to high-net-worth customers through Intact Prestige. In the US, Intact Insurance Specialty Solutions provides a range of Specialty insurance products and services through independent agencies, regional and national brokers, wholesalers and managing general agencies. Across the UK, Ireland, and Europe, Intact provides Personal, Commercial and/or Specialty insurance solutions through the RSA, NIG and FarmWeb brands. SOURCE Intact Financial Corporation View original content: Sign in to access your portfolio
Cision Canada
15-05-2025
- Business
- Cision Canada
Media Advisory - Intact Financial Corporation to host Investor Day on May 21 Français
TORONTO, May 15, 2025 /CNW/ - Intact Financial Corporation (TSX: IFC) will host an Investor Day event on Wednesday, May 21, 2025 with formal presentations by senior executives beginning at 8:45 a.m. ET. The event is expected to conclude at approximately 12:30 p.m. E.T. , Chief Executive Officer, and Ken Anderson, Chief Financial Officer, will share details on the Company's strategic roadmap. Senior executives will provide insights into Intact's strategies for generating strong organic growth in Canada, the UK&I and Global Specialty Lines. They will also discuss expanding margins through Data & AI and our claims & supply chain network, as well as optimizing capital allocation. Webcast details: A link to access the live webcast is available in the Events and Presentations section of Intact Financial Corporation's website. The video replay will be available following the event. About Intact Financial Corporation Intact Financial Corporation (TSX: IFC) is the largest provider of Property and Casualty (P&C) insurance in Canada, a leading Specialty lines insurer with international expertise and a leader in Commercial lines in the UK and Ireland. The business has grown organically and through acquisitions to almost $24 billion of total annual operating direct premiums written (DPW). In Canada, Intact distributes insurance under the Intact Insurance brand through agencies and a wide network of brokers, including its wholly-owned subsidiary BrokerLink. Intact also distributes directly to consumers through the belairdirect brand and affinity partnerships. Additionally, Intact provides exclusive and tailored offerings to high-net-worth customers through Intact Prestige. In the US, Intact Insurance Specialty Solutions provides a range of Specialty insurance products and services through independent agencies, regional and national brokers, wholesalers and managing general agencies. Across the UK, Ireland, and Europe, Intact provides Personal, Commercial and/or Specialty insurance solutions through the RSA, NIG and FarmWeb brands. SOURCE Intact Financial Corporation
