Announcement • May 08
Intact Financial Corporation Approves Quarterly Dividend, Payable on June 30, 2026 The Board of Directors of Intact Financial Corporation approved the quarterly dividend of $1.47 per share on the Company's outstanding common shares. The common share dividends are payable on June 30, 2026, to shareholders of record on June 16, 2026. Announcement • Apr 21
Intact Financial Corporation to Report Q1, 2026 Results on May 05, 2026 Intact Financial Corporation announced that they will report Q1, 2026 results After-Market on May 05, 2026 Announcement • Feb 17
Intact Financial Corporation, Annual General Meeting, May 06, 2026 Intact Financial Corporation, Annual General Meeting, May 06, 2026. Announcement • Feb 13
Intact Financial Corporation announced that it expects to receive CAD 500 million in funding Intact Financial Corporation announced a private placement of series 17 unsecured medium term notes for gross proceeds of CAD 250 million and Series 2 Limited Recourse Capital Notes for gross proceeds of CAD 250 million for aggregate gross proceeds of CAD 500 million on February 12, 2026. The transaction included participation from accredited investors in Canada. The series 17 notes bear an interest rate of 3.784% until maturity on February 28, 2038 and Series 2 notes bear an interest rate of 5.642% until maturity on March 31, 2086. The notes are direct unsecured obligations of Intact and rank equally with all other unsecured and unsubordinated indebtedness of the company. Announcement • Feb 11
Intact Financial Corporation Announces Quarterly Dividend on Outstanding Common Shares, Payable on March 31, 2026 Intact Financial Corporation announced that the Board of Directors approved the quarterly dividend of $1.47 per share on the Company's outstanding common shares. The common share dividends are payable on March 31, 2026, to shareholders of record on March 17, 2026. This represents a $0.14 increase and marks the 21st consecutive annual increase in the common share dividend since the IPO in 2004. Announcement • Jan 27
Intact Financial Corporation to Report Q4, 2025 Results on Feb 10, 2026 Intact Financial Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 10, 2026 Announcement • Nov 05
Intact Financial Corporation Approves Quarterly Dividend on Outstanding Common Shares, Payable on December 31, 2025 The Board of Directors of Intact Financial Corporation approved the quarterly dividend of $1.33 per share on the Company's outstanding common shares. The common share dividends are payable on December 31, 2025, to shareholders of record on December 17, 2025. Announcement • Oct 21
Intact Financial Corporation to Report Q3, 2025 Results on Nov 04, 2025 Intact Financial Corporation announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Announcement • Jul 30
Intact Financial Corporation Approves Quarterly Dividend , Payable on September 29,2025 Intact Financial Corporation approved the quarterly dividend of $1.33 per share on the Company's outstanding common shares. The common share dividends are payable on September 29, 2025, to shareholders of record on September 15, 2025. Announcement • Jul 15
Intact Financial Corporation to Report Q2, 2025 Results on Jul 29, 2025 Intact Financial Corporation announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • May 07
Intact Financial Corporation Approves the Quarterly Dividend, Payable on June 30, 2025 Intact Financial Corporation Board of Directors approved the quarterly dividend of $1.33 per share on the Company's outstanding common shares. The common share dividends are payable on June 30, 2025, to shareholders of record on June 16, 2025. Announcement • Apr 23
Intact Financial Corporation to Report Q1, 2025 Results on May 06, 2025 Intact Financial Corporation announced that they will report Q1, 2025 results After-Market on May 06, 2025 Announcement • Feb 27
Intact Financial Corporation announced that it expects to receive CAD 300 million in funding Intact Financial Corporation announced a best efforts private placement of series 16 unsecured medium term notes for gross proceeds of CAD 300 million on February 26, 2025. The transaction will include participation from accredited investors in Canada. The series 16 notes bear an interest rate of 4.645% until March 21, 2055 and thereafter at a rate of 1.75% over daily compounded CORRA until their maturity on March 21, 2060. The notes are direct unsecured obligations of Intact and rank equally with all other unsecured and unsubordinated indebtedness of the company. The company may redeem the notes in whole or in part, at its option, on or after March 21, 2030 to, but excluding, March 21, 2055, on payment of a redemption price equal to the greater of (A) the Canada Yield Price and (B) par, and on or after March 21, 2055, on payment of a redemption price equal to par, together, in each case, with accrued and unpaid interest to, but excluding, the date of redemption. The transaction is expected to close on March 21, 2025. The closing of the transaction is subject to certain customary conditions. Announcement • Feb 18
Intact Financial Corporation, Annual General Meeting, May 07, 2025 Intact Financial Corporation, Annual General Meeting, May 07, 2025. Announcement • Feb 13
Intact Financial Corporation Approves the Quarterly Dividend, Payable on March 31, 2025 The Board of Directors of Intact Financial Corporation approved the quarterly dividend of $1.33 per share on the Company's outstanding common shares. The common share dividends are payable on March 31, 2025, to shareholders of record on March 14, 2025. Announcement • Jan 28
Intact Financial Corporation to Report Q4, 2024 Results on Feb 11, 2025 Intact Financial Corporation announced that they will report Q4, 2024 results After-Market on Feb 11, 2025 Announcement • Jan 23
Intact Financial Corporation Announces Transition in Global Specialty Lines Leadership Intact Financial Corporation announced that T. Michael Miller will retire from his current role as Chief Executive Officer (CEO), Global Specialty Lines (GSL), effective March 31, 2025. He will remain with the organization serving as Chairman, Global Specialty Lines and the IFC board will also be appointing and welcoming him as a Director of IFC following his retirement. Mr. Miller's retirement follows a successful 44-year career in the property and casualty (P&C) industry, including thirteen years at OneBeacon Insurance and the last seven years at Intact, which acquired OneBeacon in 2017. Under Mr. Miller's leadership, the company's specialty platform has more than tripled in size, growing from $2 billion in premiums primarily in North America to over $6 billion with global operations which now include the UK and Europe, and access to 150 territories through its Global Network. Mr. Miller also delivered meaningful profitability improvements through progress in pricing and underwriting sophistication. Emmanuel Clarke, currently serving as IFC Corporate Director and Chairman of IFC's GSL Advisory Board, will succeed Mr. Miller as CEO GSL and will concurrently step down from the board. Mr. Clarke has had a long and established career in the insurance sector, having spent more than 25 years at PartnerRe, a leading global reinsurer, where he served as President & CEO from 2015 to 2020. In recent years he has served on several insurance-related corporate boards advising executives, investors, and founders on how best to accelerate growth across the insurance value chain. Announcement • Nov 21
Intact Financial Corporation Announces Chief Financial Officer Changes Intact Financial Corporation announced that Louis Marcotte will step down as Chief Financial Officer (CFO) after the fourth quarter of 2024 earnings are released on February 13, 2025. He will remain with the organization serving as IFC Vice Chair and, in that role, his main mandate will be to support the development of the European operations within Global Specialty Lines. Mr. Marcotte played a key role in effectively communicating IFC's story to investors and this was recognized three times by Brendan Wood as one of Canada's Top Gun CFOs. Over time, Mr. Marcotte built an outstanding Finance team which is widely recognized for excellence in reporting and investor relations. Ken Anderson, currently Chief Financial Officer for RSA UK & Ireland, will succeed Mr. Marcotte as Executive Vice President and Chief Financial Officer. Continuing his successful 17-year career with Intact, Mr. Anderson brings to the role a wealth of experience in treasury, corporate development, investor relations, and financial reporting. Among his achievements is the integral role he played in the structuring and coordination of the RSA acquisition, Intact's largest transaction to date. Announcement • Nov 20
Intact Financial Corporation Announces Executive Vice President Changes Intact Financial Corporation announced that Louis Marcotte will step down as Executive Vice President after the fourth quarter of 2024 earnings are released on February 13, 2025. He will remain with the organization serving as IFC Vice Chair and, in that role, his main mandate will be to support the development of European operations within Global Specialty Lines. Mr. Marcotte played a key role in effectively communicating IFC's story to investors and this was recognized three times by Brendan Wood as one of Canada's Top Gun CFOs. Over time, Mr. Marcotte built an outstanding Finance team which is widely recognized for excellence in reporting and investor relations. Ken Anderson, currently Executive Vice President for RSA UK & Ireland, will succeed Mr. Marcotte as Executive Vice President and Chief Financial Officer. Continuing his successful 17-year career with Intact, Mr. Anderson brings to the role a wealth of experience in treasury, corporate development, investor relations, and financial reporting. Among his achievements is the integral role he played in the structuring and coordination of the RSA acquisition, Intact's large transaction to date. Announcement • Nov 14
Intact Financial Corporation (TSX:IFC) acquired Jiffy Inc. Intact Financial Corporation (TSX:IFC) acquired Jiffy Inc. on November 14, 2024.
Intact Financial Corporation (TSX:IFC) completed the acquisition of Jiffy Inc. on November 14, 2024. Announcement • Nov 06
Intact Financial Corporation Approves Quarterly Dividend on Common Shares, Payable on December 31, 2024 Intact Financial Corporation announced Board of Directors approved the quarterly dividend of $1.21 per share on the Company's outstanding common shares. The dividends are payable on December 31, 2024, to shareholders of record on December 16, 2024. Announcement • Oct 22
Intact Financial Corporation to Report Q3, 2024 Results on Nov 05, 2024 Intact Financial Corporation announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 Announcement • Oct 11
Intact Financial Corporation Provides Earnings Guidance for the Third Quarter of 2024 Intact Financial Corporation provided earnings guidance for the third quarter of 2024. For the quarter, the company estimates that total catastrophe losses1 for the quarter were approximately $1.2 billion on a pre-tax basis and net of reinsurance ($5.03 per diluted share after-tax). This includes the previously disclosed estimate of $1.1 billion in weather-related losses provided on August 21, in relation to 4 severe events in Canada, namely torrential rains in Southern Ontario, wildfires in Jasper, hailstorm in Calgary and flooding in Québec. Announcement • Aug 02
Intact Financial Corporation Approves the Quarterly Dividend Payable on September 27, 2024 Intact Financial Corporation announced that Board of Directors approved the quarterly dividend of $1.21 per share on the Company's outstanding common shares. The dividends are payable on September 27, 2024, to shareholders of record on September 13, 2024. Announcement • Jul 16
Intact Financial Corporation to Report Q2, 2024 Results on Jul 30, 2024 Intact Financial Corporation announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Announcement • May 11
Intact Financial Corporation announced that it expects to receive CAD 300 million in funding Intact Financial Corporation announced a best efforts private placement of series 15 unsecured medium term notes for gross proceeds of CAD 300 million on May 9, 2024. The transaction included participation from accredited investors in Canada. The series 15 notes bear an interest rate of 4.653% until May 16, 2029 and thereafter at a rate of 1.00% over daily compounded CORRA until their maturity on May 16, 2034. The notes are direct unsecured obligations of Intact and rank equally with all other unsecured and unsubordinated indebtedness of the company. The transaction is expected to close on May 16, 2024. The closing of the private placement is subject to certain customary conditions. The company may redeem the Notes in whole or in part, at its option, by giving prior notice of not less than 10 days and not more than 60 days to the holders of Notes, on or after May 16, 2029 on payment of a redemption price equal to par, together with accrued and unpaid interest to, but excluding, the date of redemption. Announcement • May 09
Intact Financial Corporation Approves Quarterly Dividend on the Company's Outstanding Common Shares, Payable on June 28, 2024 Intact Financial Corporation approved the quarterly dividend of $1.21 per share on the Company's outstanding common shares. The dividends are payable on June 28, 2024, to shareholders of record on June 14, 2024. Announcement • Apr 23
Intact Financial Corporation to Report Q1, 2024 Results on May 07, 2024 Intact Financial Corporation announced that they will report Q1, 2024 results After-Market on May 07, 2024 Announcement • Feb 17
Intact Financial Corporation, Annual General Meeting, May 08, 2024 Intact Financial Corporation, Annual General Meeting, May 08, 2024. Announcement • Feb 15
Intact Financial Corporation Approves Quarterly Dividend, Payable on March 29, 2024 Intact Financial Corporation approved the quarterly dividend of $1.21 per share on the Company's outstanding common shares. The common share dividends are payable on March 29, 2024, to shareholders of record on March 15, 2024. This represents a $0.11 increase and marks the 19th consecutive annual increase in common share dividend since IPO in 2004. Announcement • Jan 30
Intact Financial Corporation to Report Q4, 2023 Results on Feb 13, 2024 Intact Financial Corporation announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Announcement • Dec 15
Intact Financial Corporation Appoints Anne Fortin as President, Intact Insurance, Effective January 1, 2024 Intact Financial Corporation announced that Anne Fortin has been appointed President, Intact Insurance, effective January 1, 2024. In this role, Anne will have responsibility for Quebec, West, Ontario, and Atlantic divisions of Intact Insurance, providing second to none service to brokers and customers across Canada. Anne will report to Louis Gagnon, CEO, IFC Canada. Since 2021, Anne has been Executive Vice President, Direct Distribution and Chief Marketing and Communications Officer, overseeing all direct-to consumer operations of Intact Financial in Canada and global marketing and communications functions. She joined Intact in 2011 as Deputy Senior Vice President of Marketing, Direct Distribution and held progressively senior positions in the Direct Distribution business. In 2018 Anne was appointed Senior Vice President, Direct Distribution and in 2019 she added Chief Marketing Officer for national marketing operations to her responsibilities. Prior to joining Intact Anne was Vice President and Managing Director of the Montreal office of FCB, one of the world's largest networks of advertising and marketing communications agencies. Announcement • Nov 09
Intact Financial Corporation Approves the Quarterly Dividend, Payable on December 29, 2023 The Board of Directors of Intact Financial Corporation approved the quarterly dividend to $1.10 per share on the Company's outstanding common shares. The dividends are payable on December 29, 2023, to shareholders of record on December 15, 2023. Announcement • Oct 24
Intact Financial Corporation to Report Q3, 2023 Results on Nov 07, 2023 Intact Financial Corporation announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Announcement • Sep 01
Intact Financial Corporation Estimates Catastrophe Losses Incurred to Date in the Third Quarter of 2023 from Wildfires and Other Weather Events Intact Financial Corporation estimated catastrophe losses incurred to date in the third quarter of 2023 from wildfires and other weather events. The company estimates catastrophe losses amount to approximately $570 million pre-tax, or $2.40 per share. These estimated losses relate to a number of events in July 2023 and August 2023, none of which met the threshold for reinsurance under the company’s catastrophe reinsurance treaties. Given that the wildfires are still active, actual losses may differ from this estimate. The company will issue an update in early October 2023 if catastrophe losses increase materially by the end of the quarter. Announcement • Aug 04
Intact Financial Corporation Approves Quarterly Dividend, Payable on September 29, 2023 The Board of Directors of Intact Financial Corporation approved the quarterly dividend to $1.10 per share on the company's outstanding common shares. The dividends are payable on September 29, 2023, to shareholders of record on September 15, 2023. Announcement • Jul 18
Intact Financial Corporation to Report Q2, 2023 Results on Aug 02, 2023 Intact Financial Corporation announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Announcement • Jul 12
Intact Financial Corporation Announces Estimated Catastrophe Loss for the Second Quarter of 2023 Intact Financial Corporation announced estimated catastrophe loss for the second quarter of 2023. For the quarter, estimated catastrophe losses are approximately $421 million on a pre-tax basis net of reinsurance ($1.79 per share after-tax). Announcement • May 11
Intact Financial Corporation Approves Quarterly Dividend, Payable on June 30, 2023 Intact Financial Corporation approved the quarterly dividend to $1.10 per share on the Company's outstanding common shares. The dividends are payable on June 30, 2023, to shareholders of record on June 15, 2023. Announcement • Feb 17
Intact Financial Corporation, Annual General Meeting, May 11, 2023 Intact Financial Corporation, Annual General Meeting, May 11, 2023. Announcement • Feb 08
Intact Financial Corporation Approves Quarterly Dividend Intact Financial Corporation Board of Directors approved a $0.10 per share increase in the quarterly dividend to $1.10 per share on the Company's outstanding common shares. This represents a 10% increase and marks the 18th consecutive annual increase in common share dividend since IPO in 2004. Announcement • Jan 27
Intact Financial Corporation to Report Q4, 2022 Results on Feb 07, 2023 Intact Financial Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 07, 2023 Announcement • Jan 13
Intact Financial Corporation Provides Earnings Guidance for the Fourth Quarter of 2022 Intact Financial Corporation provided earnings guidance for the fourth quarter of 2022. For the quarter, the company estimated catastrophe losses for the fourth quarter of 2022 of approximately $143 million on a pre-tax basis ($0.63 per share after-tax). Announcement • Nov 09
Intact Financial Corporation Approves Quarterly Dividend, Payable on December 30, 2022 The Board of Directors of Intact Financial Corporation approved the quarterly dividend of $1.00 per share on the Company's issued and outstanding common shares. The dividend is payable on December 30, 2022, to all shareholders of record as at December 15, 2022. Announcement • Oct 25
Intact Financial Corporation to Report Q3, 2022 Results on Nov 08, 2022 Intact Financial Corporation announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Announcement • Jul 29
Intact Financial Corporation Approves the Quarterly Dividend , Payable on September 30, 2022 Intact Financial Corporation approved the quarterly dividend of $1.00 per share on the Company's issued and outstanding common shares. The dividend is payable on September 30, 2022, to all shareholders of record asat September 15, 2022. Announcement • Jul 21
Intact Financial Corporation Appoints Michael Katchen to Its Board of Directors Effective July 25, 2022 Intact Financial Corporation announced that Michael Katchen, Co-Founder and CEO of Wealthsimple, will be appointed to its Board of Directors effective July 25, 2022. Mr. Katchen has been called an Industry Mover by the Financial Post, a Change Agent by Canadian Business Magazine, and one of Toronto's 50 most influential people by Toronto Life. He has received the Entrepreneur of the Year award from Ernst & Young, Canadian Startup Awards, and Techvibes, as well as been named one of Canada's "Top 40 Under 40." He is a graduate of the Richard Ivey School of Business at Western University. Mr. Katchen is also an active member of the Business Council of Canada, is on the Board of the SickKids Hospital Foundation, and the Wealthsimple Foundation, an initiative that helps children from low-income families save for post-secondary education. Announcement • Jul 12
Intact Financial Corporation to Report Q2, 2022 Results on Jul 28, 2022 Intact Financial Corporation announced that they will report Q2, 2022 results After-Market on Jul 28, 2022 Announcement • May 13
Intact Financial Corporation Appoints Stephani Kingsmill as Director Intact Financial Corporation at its AGM held on May 11, 2022 appointed Stephani Kingsmill as Director. Announcement • May 12
Intact Financial Corporation Approves Quarterly Dividend on Common Shares, Payable on June 30, 2022 The Board of Directors of Intact Financial Corporation approved the quarterly dividend to $1.00 per share on the Company's outstanding common shares. The dividends are payable on June 30, 2022, to shareholders of record on June 15, 2022. Announcement • Apr 12
Intact Financial Corporation Announces First Quarter Catastrophe Loss Estimate Intact Financial Corporation announced estimated catastrophe losses1 for the first quarter of 2022 of approximately $183 million on a pre-tax basis ($0.81 per share after-tax). Approximately 60% of the catastrophe losses were in our UK&I segment, mostly reflecting the impact of three windstorms in February. Close to 60% of UK&I catastrophe losses were in personal lines. The remaining losses were in the Canadian segment, approximately three quarters of which were attributable to personal property. Nearly 80% of the catastrophe losses were weather-related. Announcement • Mar 31
Intact Financial Corporation Announces Board Changes Intact Financial Corporation announced upcoming changes to the leadership of its board of directors. Claude Dussault, chairman of the board of directors, has communicated his intention to retire at the end of his current term. The board announced the appointment of William L. Young as its new Chairman of the Board, effective upon his election as a director at the company's Annual Meeting on May 11, 2022. Mr. Dussault has served as Board Chair since 2008, and as a Director since 2000, having served as President and Chief Executive Officer of the Company from 2001 to 2007. He will remain part of the organization as a director of RSA UK & International and as a member of the U.S. Advisory Board. Mr. Young is currently an Independent Director, acts as Chair of the Compliance Review and Corporate Governance Committee, and sits on the Audit Committee. Announcement • Feb 16
Intact Financial Corporation, Annual General Meeting, May 11, 2022 Intact Financial Corporation, Annual General Meeting, May 11, 2022. Announcement • Jun 03
Intact Financial Subscription Receipts to Be Delisted The Toronto Stock Exchange reported that Intact Financial Corporation (TSX:IFC) subscription receipts will be halted at the open and delisted at the close on June 1, 2021. According to the TSX, the company has closed the acquisition of RSA Insurance Group PLC. As a result of the completion, the holders of the subscription receipts have received one common share of the company and a dividend equivalent payment of $1.66 per subscription receipt held. Announcement • Jun 01
Intact Financial Corporation Announces Dividend, Payable on or About June 4, 2021 Intact Financial Corporation announced that, together with Tryg A/S, it has completed the acquisition (the "Acquisition") of RSA Insurance Group plc., having received all required approvals. In addition, pursuant to the terms of both of the Cornerstone Subscription Receipts and the Underwritten Subscription Receipts, a dividend equivalent payment of $1.66 per subscription receipt, less applicable withholding taxes, will be paid to former holders of such subscription receipts, which is an amount equal to the aggregate cash dividends declared on Intact's common shares for which record dates have occurred during the period from issuance of the subscription receipts to June 1, 2021, the closing date of the Acquisition. The dividend equivalent payments will be made on or about June 4, 2021. Announcement • May 14
Intact Financial Corporation announced that it expects to receive CAD 900 million in funding Intact Financial Corporation (TSX:IFC) announced best efforts basis private placement of series 11 unsecured medium term notes for CAD 350 million, series 12 unsecured medium term notes for CAD 350 million, and series 13 unsecured medium term notes for CAD 200 million; for aggregate gross proceeds of CAD 900 million on May 13, 2021. The notes are direct unsecured obligations of the company and will be issued at par. The transaction is expected to close on or about May 18, 2021, subject to certain customary conditions, including, but not limited to, the execution of an agency agreement with the syndicate. The series 11 notes are expected to mature on May 21, 2024, the series 12 notes are expected to mature on May 18, 2028, and the series 13 notes are expected to mature on May 20, 2053 Announcement • May 12
Intact Financial Corporation Approves Quarterly Dividend, Payable on June 30, 2021 The Board of Directors of Intact Financial Corporation approved the quarterly dividend of $0.83 per share on the Company's outstanding common shares. The dividends are payable on June 30, 2021, to shareholders of record on June 15, 2021. Announcement • Apr 01
Intact Financial Corporation announced that it has received CAD 250 million in funding On March 31, 2021, Intact Financial Corporation (TSX:IFC) closed the transaction. Announcement • Feb 19
Intact Financial Corporation, Annual General Meeting, May 12, 2021 Intact Financial Corporation, Annual General Meeting, May 12, 2021. Announcement • Feb 02
Intact Financial Corporation Welcomes Carolyn Wilkins to Its Board of Directors Intact Financial Corporation announced the appointment of Carolyn A. Wilkins to its Board of Directors. She 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. She oversaw the development of the Bank's market liquidity facilities and large-scale asset purchase program as part of its COVID-19 response. She was active in international policy fora, including the Financial Stability Board. Before her appointment as Senior Deputy Governor, she was an Advisor to the Governor and a member of the Basel Committee on Banking Supervision. Prior to joining the Bank, she held senior analytical roles related to economic forecasting and fiscal policy development, at both the Department of Finance Canada and the Privy Council Office. Announcement • Dec 18
Intact Financial Corporation announced that it has received CAD 600 million in funding On December 16, 2020, Intact Financial Corporation (TSX:IFC) closed the transaction. Announcement • Dec 13
Intact Financial Corporation announced that it expects to receive CAD 600 million in funding Intact Financial Corporation (TSX:IFC) announced a best efforts private placement of series 9 unsecured medium term notes for proceeds of CAD 300,000,000 and series 10 unsecured medium term notes for proceeds of CAD 300,000,000 for aggregate gross proceeds of CAD 600,000,000 on December 11, 2020. The transaction will include participation from accredited investors. The series 9 notes bear an interest rate of 1.928% until maturity on December 16, 2023 and the series 10 notes bear an interest rate of 2.954% until maturity on December 16, 2050. The notes will be direct unsecured obligations of the company and will rank equally with all other unsecured and unsubordinated indebtedness of the company. The transaction is expected to close on December 16, 2020. Announcement • Dec 04
Intact Financial Corporation Offering Solutions for Customers Who Are Working from Home Intact Financial Corporation is offering enhanced protection to give customers working from home increased liability and home coverage, the option to add identity theft coverage and cyber protection, at a discount, as well as free access to mental health and well-being programs for a limited time. Intact Insurance's enhanced protection provides customers with increased liability and home coverage for people working from home. Existing and new customers can also add identity theft coverage and cyber protection to their home policy with my Identity at a discount, and for a limited time, enjoy free access to online mental health and well-being programs through LifeSpeak. Intact also understands that with more people working from home, driving habits and patterns are changing. Usage-based insurance programs give customers more control over their auto insurance premium. Announcement • Nov 26
Intact Financial Corporation announced that it has received CAD 3.2011 billion in funding from CDPQ Marchés boursiers inc., 2380162 Ontario Limited, CPP Investment Board PMI-2 Inc. On November 25, 2020, Intact Financial Corporation (TSX:IFC) closed the transaction. The company issued 23,800,000 subscription receipts for gross proceeds of CAD 3,201,100,000. Announcement • Nov 13
Intact Financial Corporation announced that it expects to receive CAD 4.448184 billion in funding from Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan Board and other investors Intact Financial Corporation (TSX: IFC) announced that it has entered into an agreement with a group of underwriters, led by CIBC Capital Markets and Barclays Capital Canada Inc. for a bought deal private placement of 9,272,000 subscription receipts at a price of CAD 134.5 per receipt for gross proceeds of CAD 1,247,084,000 and subscription agreements for a private placement of 23,800,000 subscription receipts at a price of CAD 134.5 per receipt for gross proceeds of CAD 3,201,100,000 for aggregate gross proceeds of CAD 4,448,184,000 on November 12, 2020. The transaction will include participation from subsidiaries of existing investors, Caisse de dépôt et placement du Québec for CAD 1,500,000,000, Ontario Teachers' Pension Plan Board for CAD 1,200,000,000, and Canada Pension Plan Investment Board for CAD 500,000,000. Each subscription receipt will entitle the holder to receive one common share of the company as well as a commitment fee upon closing of the acquisition of RSA Insurance Group PLC. The completion of the transaction is subject to approval of the Toronto Stock Exchange, other customary closing conditions, and the company announcing a firm offer for RSA Insurance Group PLC. The subscription receipts will be subject to a four month hold period under applicable securities laws in Canada. Announcement • Nov 06
RSA Confirms Potential Offer from Intact Financial Corp and Tryg RSA Insurance Group plc (LSE:RSA) confirmed on November 05, 2020 that Canadian insurer Intact Financial Corporation (TSX:IFC) and Scandinavian insurer Tryg A/S (CPSE:TRYG) have made a proposal over buying the London-listed firm. The proposal, RSA said, comprises 685 pence in cash per RSA share, plus payment by RSA of the announced interim dividend of 8 pence per share. "The proposal is made on the basis that Intact would retain RSA's Canada and UK & International operations, while Tryg would retain RSA's Sweden and Norway operations, and Intact and Tryg would co-own RSA's Denmark business," RSA added. RSA's board have not yet made a recommendation on the offer, so the insurer stressed there is no certainty the proposal will lead to an offer. "The board of RSA has indicated to the consortium that it would be minded to recommend the proposal, subject to satisfactory resolution of the other terms of the possible offer, including a period of due diligence. Accordingly, RSA is engaged in discussions with the consortium in relation to the possible offer," RSA added. Announcement • Oct 29
Intact Financial Corporation Announces to Leave Optional Automobile Insurance Market in British Columbia Intact Financial Corporation announced that its brands Intact Insurance and belairdirect will no longer offer optional automobile coverage in British Columbia. This decision was taken after careful consideration given the upcoming regulatory changes in the province that will reduce competition and limit choices for consumers. Intact will continue to provide personal property, commercial P&C, surety and specialty insurance to individuals and businesses in British Columbia through its brands. Intact develops products with changing consumer expectations in mind and offers multiple ways in which customers can purchase insurance – from advice-based support through brokers, to simplified, online convenience through belairdirect. Announcement • Oct 15
Intact Financial Corporation Introduces North American Specialty Insurance Brand Intact Financial Corporation officially brings together its Canadian and U.S. specialty capabilities under a single brand: Intact Insurance Specialty Solutions. Unifying its specialty operations under one brand represents the full integration of this growing segment of Intact's portfolio and its commitment to being a leader in the specialty lines marketplace. The U.S. businesses had previously operated under the OneBeacon Insurance Group and The Guarantee Company of North America brands in the U.S., following the 2017 and 2019 acquisitions of these specialty companies, respectively. The combined Intact Insurance Specialty Solutions brand features over 20 specialty focus areas, including nine that serve both Canadian and U.S. customers. It is a market-leading provider of certain lines of business, including being the sixth largest provider of surety bonds in North America. Intact Insurance Specialty Solutions' underwriting companies offer a broad range of specialty insurance products through independent agencies, regional and national brokers, wholesalers and managing general agencies throughout North America. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services.