Most popular property and casualty insurance articles of 2023

The Insurance Portal invites you to read or re-read our ten most popular property and casualty insurance articles of 2023. 

Desjardins General Insurance Group (DGIG) belongs to a consortium of investors that is buying the insurer ICPEI and turning it into a private company. 

Desjardins to acquire stake in Canadian insurer 

• Intact Financial Corporation announced a 16 per cent increase in net income in 2022 to $2.4 billion from $2.1 billion in 2021. 

Intact’s net income and premiums grow in 2022 

• The Office of the Superintendent of Financial Institutions (OSFI) released the 2023-2024 edition of its "Annual Risk Outlook" (ARO) on April 18. 

Two more risks to Canada’s financial markets 

• Definity Financial Corporation has continued to improve its quarter-over-quarter performance since going public. 

Definity's net income up 18 per cent in 2022 

• In its June 2023 issue, Insurance Journal measures the profitability of 10 Canadian P&C insurers. They are ranked according to their 2022 net income. 

Property and casualty insurance: Financial results of 170 insurers in Canada in 2022 

• Aviva Group companies singled out in report about industry-wide non-compliance with Take-All-Comers requirements in the Insurance Act. 

Regulator imposes $600,000 in administrative penalties 

• Insurance and office supplies banded together through a new partnership between Allstate Protection Plans, a wholly owned subsidiary of The Allstate Corporation, and privately owned Staples Canada. 

Staples Canada, Allstate ink point of sale warranty agreement 

• Despite the return to normal claims experience, Aviva plc's Canadian branch improved its results in 2022. 

Aviva Canada’s operating profit up 6 per cent in 2022 

• Intact Financial Corporation and its subsidiary RSA announced March 28 that the company plans to exit the personal lines motor market in the United Kingdom. 

Intact and RSA exit personal lines motor market 

• The Financial Services Regulatory Authority of Ontario (FSRA) issued a public statement July 17 that the public should not conduct insurance business with this particular agent.

Regulator names unlicensed agent in warning to the public