An analysis of first-half results for Intact, Definity, Fairfax, and Trisura.
This is the second event during the Summer of 2024 where insured damage costs have been estimated at several hundred mil
Company anticipates an increase in claims due to catastrophic events in the next quarter.
Some insurers have responded to an activist investor group's report about their involvement in fossil fuels.
Six of the seven major Canadian insurers analyzed held assets totaling $19.5 billion in the fossil fuel sector in 2023.
The first transaction was completed on June 1 and the other on July 1.
The deal also enables the company to expand into two additional provinces.