reports
- Michael Driscoll
- Victor Adesanya
- Marcos Alvarez
- Victor Adesanya
Intact Financial Corporation and Affiliates: Rating Report
On November 19, 2020, DBRS Limited (DBRS Morningstar) confirmed all ratings of Intact Financial Corporation (Intact or the Company) and its operating insurance subsidiaries, including Intact’s Issuer Rating at “A” and the Financial Strength Rating of its main subsidiaries in Canada at AA (low), following the Company’s announcement that, together with Tryg A/S (Tryg), it has reached an agreement to acquire RSA Insurance Group Plc. (RSA).
7661599Z INTACT FINANCIAL CORP PFD.
IFC_pa INTACT FINANCIAL CORPORATION
IFC_pc JEVCO INSURANCE COMPANY
IIC NOVEX INSURANCE COMPANY
IIC/LV NORDIC INSURANCE COMPANY
3521548Z THE
5121338Z TRAFALGAR INSURANCE COMPANY OF CANADA
7355151Z BELAIR INSURANCE COMPANY INC.
17986Z INTACT INSURANCE COMPANY
- Michael Driscoll
- Victor Adesanya
7661599Z INTACT FINANCIAL CORP PFD.
IFC_pa INTACT FINANCIAL CORPORATION
IFC_pc JEVCO INSURANCE COMPANY
IIC NOVEX INSURANCE COMPANY
IIC/LV NORDIC INSURANCE COMPANY
3521548Z THE
5121338Z TRAFALGAR INSURANCE COMPANY OF CANADA
7355151Z BELAIR INSURANCE COMPANY INC.
17986Z INTACT INSURANCE COMPANY
- Marcos Alvarez
- Victor Adesanya
IFC CO-OPERATORS FINANCIAL SERVICES LIMITED
312791 CO-OPERATORS GENERAL INSURANCE CO. PFD. C
CCS.PR.C CO-OPERATORS GENERAL INSURANCE COMPANY
61926Z FAIRFAX FINANCIAL HOLDINGS LTD PFD.
312791Z FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FFH_pk. FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FRFZF FAIRFAX FINANCIAL PFD F
FFH_pd FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS LTD
FFH_ph FAIRFAX FIN PR J PFD.
FAXRF FAIRFAX FIN PR M PFD.
FFH_pj INTACT FARM INSURANCE INC.
FRFXF INTACT FINANCIAL CORP PFD.
FFH_pm INTACT FINANCIAL CORPORATION
FFH/SV INTACT INSURANCE COMPANY
- Marcos Alvarez
- Victor Adesanya
Expected Busy Hurricane Season Likely to Add to U.S. P&C Insurers' Woe...
As if the ongoing disruptions caused by the negative impacts of the Coronavirus Disease (COVID-19) pandemic were not enough to keep property and casualty (P&C) insurers busy in 2020, on May 21, 2020,forecasters in the Climate Prediction Center of the National Oceanic and Atmospheric Administration (NOAA) predicted that the Atlantic hurricane season, which runs from June 1 through November 30 each year, will have above-normal hurricane activity in 2020. The forecast envisages a 60% chance of an a...
IFC CO-OPERATORS FINANCIAL SERVICES LIMITED
312791 CO-OPERATORS GENERAL INSURANCE CO. PFD. C
CCS.PR.C CO-OPERATORS GENERAL INSURANCE COMPANY
61926Z FAIRFAX FINANCIAL HOLDINGS LTD PFD.
312791Z FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FFH_pk. FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FRFZF FAIRFAX FINANCIAL PFD F
FFH_pd FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS LTD
FFH_ph FAIRFAX FIN PR J PFD.
FAXRF FAIRFAX FIN PR M PFD.
FFH_pj INTACT FARM INSURANCE INC.
FRFXF INTACT FINANCIAL CORP PFD.
FFH_pm INTACT FINANCIAL CORPORATION
FFH/SV INTACT INSURANCE COMPANY
- Elisabeth Rudman
- Marcos Alvarez
Severe Weather-Related Losses Compound Canadian P&C Insurance Companie...
On June 13 and 14, 2020, a series of extreme thunderstorms struck southern Alberta, Canada, resulting in hail and flooding that caused extensive damage. According to preliminary estimates by the Insurance Bureau of Canada, the thunderstorms caused approximately $1.2 billion in insured losses, with total economic losses exceeding $1.7 billion as thousands of vehicles, homes, and agricultural lands sustained significant damage. This natural catastrophe became Canada's most expensive thunderstorm-r...
IFC CO-OPERATORS FINANCIAL SERVICES LIMITED
312791 CO-OPERATORS GENERAL INSURANCE CO. PFD. C
CCS.PR.C CO-OPERATORS GENERAL INSURANCE COMPANY
61926Z FAIRFAX FINANCIAL HOLDINGS LTD PFD.
312791Z FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FFH_pk. FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FRFZF FAIRFAX FINANCIAL PFD F
FFH_pd FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS LTD
FFH_ph FAIRFAX FIN PR J PFD.
FAXRF FAIRFAX FIN PR M PFD.
FFH_pj FEDERATED INSURANCE COMPANY OF CANADA
FRFXF NORTHBRIDGE GENERAL INSURANCE CORPORATION
FFH_pm INTACT FARM INSURANCE INC.
FFH/SV INTACT FINANCIAL CORP PFD.
160570Z INTACT FINANCIAL CORPORATION
6877669Z JEVCO INSURANCE COMPANY
7663495Z NOVEX INSURANCE COMPANY
7661599Z NORDIC INSURANCE COMPANY
IFC_pa THE
IFC_pc TRAFALGAR INSURANCE COMPANY OF CANADA
IIC BELAIR INSURANCE COMPANY INC.
IIC/LV INTACT INSURANCE COMPANY
- Elisabeth Rudman
- Marcos Alvarez
Coronavirus: GDP Contraction Will Affect Canadian P&C Insurance Premiu...
Given the relative maturity of the P&C insurance market in Canada there is a direct relationship between economic activity and premium levels. Based on DBRS Morningstar's latest moderate macroeconomic scenario for Canada in 2020, we expect that the growth of P&C insurance premiums in Canada will be severely limited and could even turn negative. Alternatively, under an adverse scenario, we anticipate that the volume of P&C insurance premiums will drop in 2020. Both scenarios contrast with strong ...
IFC CO-OPERATORS FINANCIAL SERVICES LIMITED
312791 CO-OPERATORS GENERAL INSURANCE CO. PFD. C
CCS.PR.C CO-OPERATORS GENERAL INSURANCE COMPANY
61926Z FAIRFAX FINANCIAL HOLDINGS LTD PFD.
312791Z FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FFH_pk. FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FRFZF FAIRFAX FINANCIAL PFD F
FFH_pd FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS LTD
FFH_ph FAIRFAX FIN PR J PFD.
FAXRF FAIRFAX FIN PR M PFD.
FFH_pj NORTHBRIDGE GENERAL INSURANCE CORPORATION
FRFXF INTACT FARM INSURANCE INC.
FFH_pm INTACT FINANCIAL CORP PFD.
FFH/SV INTACT FINANCIAL CORPORATION
160570Z JEVCO INSURANCE COMPANY
7663495Z NOVEX INSURANCE COMPANY
7661599Z NORDIC INSURANCE COMPANY
IFC_pa THE
IFC_pc TRAFALGAR INSURANCE COMPANY OF CANADA
IIC BELAIR INSURANCE COMPANY INC.
IIC/LV INTACT INSURANCE COMPANY
- Marcos Alvarez
- Victor Adesanya
P&C Insurance: Regulatory Oversight Essential for Broad Adoption of ES...
DBRS Limited (DBRS Morningstar) released a commentary entitled “P&C Insurance: Regulatory Oversight Essential for Broad Adoption of ESG Reporting Principles,†which discusses the importance of environmental, social, and governance (ESG) risk factors in assessing the financial strength of a property and casualty insurance company, as well as the need for standardization to facilitate comparability across geographic regions and between companies operating in similar sectors.
IFC CO-OPERATORS FINANCIAL SERVICES LIMITED
312791 CO-OPERATORS GENERAL INSURANCE CO. PFD. C
CCS.PR.C CO-OPERATORS GENERAL INSURANCE COMPANY
61926Z FAIRFAX FINANCIAL HOLDINGS LTD PFD.
312791Z FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FFH_pk. FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FRFZF FAIRFAX FINANCIAL PFD F
FFH_pd FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS LTD
FFH_ph FAIRFAX FIN PR J PFD.
FAXRF FAIRFAX FIN PR M PFD.
FFH_pj INTACT FARM INSURANCE INC.
FRFXF INTACT FINANCIAL CORP PFD.
FFH_pm INTACT FINANCIAL CORPORATION
FFH/SV INTACT INSURANCE COMPANY
- Marcos Alvarez
- Victor Adesanya
IFC CO-OPERATORS FINANCIAL SERVICES LIMITED
312791 CO-OPERATORS GENERAL INSURANCE CO. PFD. C
CCS.PR.C CO-OPERATORS GENERAL INSURANCE COMPANY
61926Z DESJARDINS GROUP
312791Z FAIRFAX FINANCIAL HOLDINGS LTD PFD.
1733Z FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FFH_pk. FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FRFZF FAIRFAX FINANCIAL PFD F
FFH_pd FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS LTD
FFH_ph FAIRFAX FIN PR J PFD.
FAXRF FAIRFAX FIN PR M PFD.
FFH_pj NORTHBRIDGE GENERAL INSURANCE CORPORATION
FRFXF INTACT FARM INSURANCE INC.
FFH_pm INTACT FINANCIAL CORP PFD.
FFH/SV INTACT FINANCIAL CORPORATION
160570Z INTACT INSURANCE COMPANY
- Marcos Alvarez
- Victor Adesanya
Coronavirus: Likely Increases in P&C Insurance Claims in Certain Busin...
DBRS Morningstar released a commentary entitled “Coronavirus: Likely Increases in P&C Insurance Claims in Certain Business Lines; Financial Markets’ Volatility Will Affect Investment Portfolios†that discusses the ways the Coronavirus Disease (COVID-19) can be expected to affect the Property and Casualty insurance industry.
IFC CO-OPERATORS FINANCIAL SERVICES LIMITED
312791 CO-OPERATORS GENERAL INSURANCE CO. PFD. C
CCS.PR.C CO-OPERATORS GENERAL INSURANCE COMPANY
61926Z DESJARDINS GROUP
312791Z FAIRFAX FINANCIAL HOLDINGS LTD PFD.
1733Z FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES C
FFH_pk. FAIRFAX FINANCIAL HOLDINGS PR D PFD.
FRFZF FAIRFAX FINANCIAL PFD F
FFH_pd FAIRFAX FINANCIAL HOLDINGS LTD. PFD. SERIES E
FFH.PR.F FAIRFAX FINANCIAL HOLDINGS PR H PFD.
FFH.PR.E FAIRFAX FINANCIAL HOLDINGS LTD
FFH_ph FAIRFAX FIN PR J PFD.
FAXRF FAIRFAX FIN PR M PFD.
FFH_pj NORTHBRIDGE GENERAL INSURANCE CORPORATION
FRFXF INTACT FARM INSURANCE INC.
FFH_pm INTACT FINANCIAL CORP PFD.
FFH/SV INTACT FINANCIAL CORPORATION
160570Z INTACT INSURANCE COMPANY
- Hema Singh
- Victor Adesanya
Intact Financial Corporation and Affiliates: Rating Report
On November 21, 2019, DBRS Morningstar confirmed its outstanding ratings on Intact and its affiliates. The rating confirmation reflects Intact's excellent franchise strength, which is supported by a well-diversified product mix and broad distribution network. Intact maintains a dominant market position in the fragmented Canadian P&C insurance industry with 16% aggregate market share. Earnings continue to benefit from consistently good underwriting profitability and favorable prior-year developme...
7661599Z INTACT FINANCIAL CORP PFD.
IFC_pa INTACT FINANCIAL CORPORATION
IFC_pc JEVCO INSURANCE COMPANY
IIC NOVEX INSURANCE COMPANY
IIC/LV NORDIC INSURANCE COMPANY
3521548Z THE
5121338Z TRAFALGAR INSURANCE COMPANY OF CANADA
7355151Z BELAIR INSURANCE COMPANY INC.
17986Z INTACT INSURANCE COMPANY
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