Intact Insurance creates a new specialty solutions team

TORONTO, May 30, 2016 /CNW/ - Intact Insurance has announced that it is creating a new national team that will be dedicated to growing its commercial lines specialty solutions business. This national approach will allow Intact to accelerate its plans to become the Canadian leader in specialty lines and surety.

To support this growth, Intact Insurance will be hiring about 150 professionals across Canada over the next few years, to add to its current team of experts. The company also recently appointed Joe D'Annunzio as Senior Vice President, Specialty Solutions and Surety, to lead the team. D'Annunzio was previously Intact Insurance's Regional Vice President of the Mississauga region.

"Our vision is to become a market leader and be widely recognized as the top provider of specialty insurance products and expertise. Our national scale, combined with our comprehensive suite of solutions, will provide brokers with the expertise and support they need to help them meet the changing needs of their customers," said Jean-Francois Blais, President, Intact Insurance. "In addition, our regional presence means we can be as local as brokers, which means they can depend on us to deliver both a broker and customer experience that is second to none."

Intact Insurance offers a wide breadth of products in specialty solutions, including niche, stand-alone equipment breakdown, programs, errors and omissions (E&O), directors and officers liability (D&O), marine, farm, long-haul trucking and other specialized classes of commercial auto. Intact Insurance is also a leading provider of surety bonds. Combined, these products represent about $600 million in Direct Premiums Written.

About Intact Insurance and Intact Financial Corporation

Intact Insurance is Canada's largest home, auto and business insurance company, the choice of more than four million consumers. Its coast-to-coast presence and its strong relationship with insurance brokers mean the company can provide the outstanding service, comfort and continuity customers deserve. Intact Insurance (www.intact.ca) is a member company of Intact Financial Corporation (TSX: IFC), the largest provider of property and casualty insurance in Canada (www.intactfc.com).

Forward-Looking Statements

Certain statements made in this news release are forward-looking statements. These statements include, without limitation, statements relating to the growth of Intact Insurance's commercial lines specialty solutions business. All such forward-looking statements are made pursuant to the 'safe harbour' provisions of applicable Canadian securities laws. 

Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements as a result of various factors, including those discussed in Intact Financial Corporation's most recently filed Annual Information Form and annual MD&A. As a result, we cannot guarantee that any forward-looking statement will materialize and we caution you against unduly relying on any of these forward-looking statements. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Please read the cautionary note at the beginning of the MD&A.

SOURCE Intact Insurance

Media Inquiries: Stephanie Sorensen, Director, External Communications, 1 [phone], [email protected]; Investor Inquiries: Samantha Cheung, Vice President, Investor Relations, 1 [phone], [email protected]