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Intellectual property rights are a crucial part of any merger or acquisition so it’s important, whether you are engaging in an industry merger or advising clients on a deal, to consider ways to avoid potential infringements. Intellectual property (IP) has caused a dramatic shift in the valuation of companies globally. Take, for example, the fact […]
By Adam Malik | November 19, 2020
3 min read
Executives with Canada’s largest property and casualty insurer have had their eye on RSA for a long time, the CEO of Intact Financial Corp. said recently. Intact Financial Corp. announced Wednesday that a deal to acquire RSA PLC has been approved by the boards of Intact, RSA, and Denmark-based Tryg A/S. “We have been thinking […]
By Greg Meckbach | November 19, 2020
OTTAWA – A federal agency that monitors brewing online threats warns of fraudsters dangling COVID-19-related content to fool victims into clicking on malicious links and attachments. Online tricksters know people are anxious about the future and are less likely to act prudently when they see emails, text messages or advertisements related to the pandemic, the […]
By Jason Contant | November 19, 2020
Stephen Ruschak, who led The Guarantee Company of North America at the time it was acquired by Intact Financial Corp., is now working for Arch Capital Group Ltd. Bermuda-based Arch Capital announced Tuesday that Ruschak is now executive vice president of surety for Arch Insurance. Ruschak (pictured, above) joined The Guarantee in 2009 as president […]
By Greg Meckbach | November 18, 2020
A captive insurance solution is designed for long-term risks, so a client looking to set something up for short-term risks may end up regretting that decision, experts warned during a recent Canadian Underwriter webinar. When a company sets up a captive, it is essentially self-insuring its own risk, explained Patrick Ferguson, captive sales executive and […]
By Adam Malik | November 18, 2020
4 min read
On the day Intact made its joint offer with Denmark-based insurance giant Tryg A/S to acquire RSA plc for Cdn$12.3 billion official, a Canadian association of managing general agencies (MGAs) expressed concern about the deal’s potential impact on market choice during a hard market in commercial lines. If approved, the proposed mega-merger would see Intact, […]
By David Gambrill | November 18, 2020
If Intact Financial Corp. takes over RSA Canada, the combined firm will go to market with the “strongest” brands, meaning it remains to be seen what happens in Canada to brands such as RSA, Unifund, and Johnson, Intact’s CEO suggested in a press conference Wednesday. Intact CEO Charles Brindamour also suggested that, if there is […]
OTTAWA – Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech Tuesday that Canada’s financial system needs to become as resilient to climate change as it […]
By Jason Contant | November 18, 2020
Insurers are becoming more meticulous around what they deem to be a good risk and that extra scrutiny is giving brokers heavier workloads, broker leaders say, and it could force brokers to limit how much they take on. Interest rates are near-zero with no relief in sight. With the reduction in investment income, insurers are […]
By Adam Malik | November 17, 2020
Intact Financial Corp.’s recent experience writing commercial specialty in the United States is a good sign it could be successful writing property and casualty insurance overseas, analysts tell Canadian Underwriter. RSA plc and Intact announced earlier this month a possible deal in which Intact and Danish insurer Tryg A/S would form a consortium to acquire […]
By Greg Meckbach | November 17, 2020
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