TORONTO, Dec. 17, 2019 /CNW/ - Intact Financial
Corporation (TSX: IFC) today announced changes to the roles and
responsibilities of members of the company's leadership team. The
new executive appointments are effective January 1, 2020.
"We are announcing executive changes to build on the experience
of our talent and advance on our goals of strengthening our
leadership position in Canada and
building a leading North American specialty insurer," said
Charles Brindamour, Chief Executive
Officer. "These changes will better position our teams to
outperform from a combined ratio perspective, expand our specialty
solutions in Canada and the U.S.
and continue to participate in consolidation."
Leveraging his wealth of knowledge from previous roles,
Pete Weightman will take on a
newly created role of Senior Vice President and Chief
Underwriting Officer, Specialty Solutions, North America. Pete will focus on
achieving Intact's goal of a sustainable low 90s combined ratio in
North American Specialty Solutions. Pete will also assume
responsibility for all managing general agent operations for
Intact.
Carla Smith will
assume the role of Senior Vice President, Specialty Solutions,
Canada. Drawing on her strong
operational background in claims, direct distribution and broker
channels, Carla will focus on growing and expanding Intact's
specialty solutions distribution channel and strengthening
relationships with brokers.
Ken Anderson will be
promoted to Senior Vice President, Investor Relations &
Corporate Development. In his new role, Ken will continue to
lead the investor relations team while building on the strong track
record of merger and acquisition success that has supported
Intact's growth and outperformance over the past decade.
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider
of property and casualty (P&C) insurance in Canada and a leading provider of specialty
insurance in North America, with
over $10 billion in total annual
premiums. The Company has approximately 14,000 full- and part-time
employees who serve more than five million personal, business and
public sector clients through offices in Canada and the U.S.
In Canada, Intact distributes
insurance under the Intact Insurance brand as well as The Guarantee
Company of North America brand,
through a wide network of brokers, including its wholly-owned
subsidiary BrokerLink, and directly to consumers through
belairdirect. Intact also provides specialized insurance programs
to public entities through its wholly-owned subsidiary, Frank Cowan
Company.
In the U.S., OneBeacon Insurance Group, a wholly-owned
subsidiary, provides specialty insurance products through
independent agencies, brokers, wholesalers and managing general
agencies.
SOURCE Intact Financial Corporation