Latest Intact Headlines
All the headlines from our Intact Topic Page, ordered by recency.
Canadian P&C Insurer Intact Financial’s 3rd Quarter Profit Rises
Nov 5 2014 // Intact Financial Corp., Canada’s largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company’s profit last year was...
Stuckel Joins OneBeacon Entertainment in Chicago
Oct 7 2014 // OneBeacon Entertainment (OBE), a member of OneBeacon Insurance Group, has opened an office in Chicago, Ill., led by Mark Stuckel. Stuckel comes to OneBeacon with 35 years of underwriting experience, much of which was spent...
OneBeacon’s Sale of Runoff Business to Armour Still in Progress
Jun 23 2014 // OneBeacon Insurance Group Ltd. said it is making progress in the sale of its runoff business to Armour Group Holdings Limited and restated its expectation that the transaction will close in the second half of 2014. The...
Florida Supreme Court Leaves PIP Reforms Intact
May 5 2014 // The Florida Supreme Court has declined to review the state’s no-fault automobile insurance personal injury protection (PIP) reforms that were designed to lower the cost of the coverage by targeting fraud and...
Florida Supreme Court Leaves PIP Reforms Intact
Apr 23 2014 // The Florida Supreme Court has declined to review the state’s no-fault automobile insurance personal injury protection (PIP) reforms that were designed to lower the cost of the coverage by targeting fraud and...
Louisiana Senators Keep Mandatory Motorcycle Helmet Law Intact
Apr 7 2014 // Louisiana motorcyclists still must wear helmets, without exceptions. The Senate Transportation Committee killed a proposal by Sen. Mike Walsworth, R-West Monroe, that would have allowed people 21 and older to ride without...
Best Maintains Review/Negative Status for OneBeacon Group’s Ratings
Feb 28 2014 // A.M. Best has maintained the under review with negative implications status on the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of certain indirect...
Sun Life Signs Car, Home Insurance Referrals Deal with Belairdirect
Nov 27 2013 // Sun Life Assurance Co. of Canada and Intact Financial Corp. announced a referral arrangement to provide Sun Life’s customers in Canada with access to belairdirect.com’s home and auto insurance products through...
Canada’s Intact Financial Sees $454 Mn Flood Losses; $24.2 Mn Train Crash
Jul 23 2013 // Canadian P&C insurer Intact Financial said it expected quarterly results would be hurt by losses from a train derailment and fiery explosion in a Quebec town and storm and flood damage in Canada’s oil capital,...
OneBeacon Launches Network Security Policy with Equifax Data Breach Services
Mar 13 2013 // OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd. (has released a new network security and privacy liability policy, which includes certain data breach services from Equifax if a covered...
Business Moves – South Central
Feb 25 2013 // Monster Insurance, OneBeacon Insurance MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, announced that MarketScout subsidiary, Monster Insurance, entered into an agreement...
Business Moves – Midwest
Jan 28 2013 // Willis North America Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more...
Peak Re Launched in Hong Kong for ‘Underserved’ Asia Pacific Markets
Jan 10 2013 // Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing demand for modernized reinsurance solutions in Asia Pacific, said it has...
Monster Insurance Acquires Renewal Rights for OneBeacon Energy Book
Jan 8 2013 // MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, announced that MarketScout subsidiary, Monster Insurance, has entered into an agreement with OneBeacon Insurance Co. over...
OneBeacon Cuts Ties with Hagerty Agencies, Selling Essentia to Markel
Nov 19 2012 // OneBeacon Insurance Group Ltd. is selling its Essentia Insurance Co. unit to Markel Corp., according to company announcements. The deal is subject to regulatory approvals and is expected to be completed in January...
Business Moves – Southeast
Nov 19 2012 // Confie Seguros, ABRY Partners Confie Seguros has been acquired by Boston-based private equity firm ABRY Partners in a deal under which the rapidly expanding auto insurer focused on the U.S. Hispanic market says will help...
Ratings Recap: Talanx Re, Nissan Global, Harmony, JEVCO
Nov 16 2012 // A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Talanx Reinsurance (Ireland) Ltd., both with stable...
Business Moves – East
Nov 5 2012 // OneBeacon, Markel Corp. Bermuda-domiciled OneBeacon Insurance Group Ltd. is selling its Essentia Insurance Co. unit to Glen Allen, Va.-headquartered Markel Corp. Essentia focuses on the collector car and boat business that...
Business Moves – Southeast
Nov 5 2012 // Cooper Gay Swett & Crawford Cooper Gay Swett & Crawford (CGSC) has agreed terms with Lightyear Capital LLC and institutional co-investors for a substantial investment into the CGSC Group. The investor will own 55...
OneBeacon Selling Runoff Business to Bermuda’s Armour Group
Oct 18 2012 // Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon said it will transfer to Armour certain legal...
