Intact Financial Corp (IFCZF)

Description:

Intact Financial Corp was founded in 1809, with the formation of The Halifax Fire Insurance Association. The Company provides property and casualty insurance in Canada with $7.3 billion in direct premiums written. It insures more than five million individuals and businesses through its insurance subsidiaries and provides insurance in British Columbia, Alberta, Ontario, Quebec and Nova Scotia. It distributes insurance under the Intact Insurance brand through a network of brokers and its wholly owned subsidiary, BrokerLink. It also distributes insurance directly to consumers through belairdirect and Grey Power. The Company's insurance business is organized into two lines: personal and commercial insurance. Its principal insurance products are automobile, property and liability insurance, which it provides to individuals and small to medium-sized businesses across Canada. The Company's automobile insurance business provides coverage to customers, depending on where they reside in Canada, for their liability, their personal injury or accident benefits and damage to their vehicles. Its coverage is also available for motor homes, recreational vehicles, snowmobiles and antique and classic cars. Its property insurance business covers individuals for fire, theft, vandalism, water damage and other damages to residences and their contents, as well as personal liability coverage. Its liability insurance business provides coverage to businesses for general commercial liability, errors and omissions insurance covering directors and officers, as well as liability insurance for products and operations. Its surety business provides coverage to businesses through contract bonds, administrative bonds and miscellaneous surety bonds. Clients are typically contractors, manufacturers, suppliers, transportation businesses and service providers.