Intact Financial estimates C$200mn of cat losses in Q4
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Intact Financial estimates C$200mn of cat losses in Q4

Jai Singh
January 12, 2024
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The Intact Financial Corporation (IFC), a Canadian P&C insurance company, estimated total catastrophe losses of C$200mn ($149.7mn) on a pre-tax basis and net of reinsurance in Q4 for its continuing and exited lines of business.

Losses in the insurer’s UK & Ireland (UK&I) business contributed to C$152mn of losses, driven by storms Ciaran and Babet in October.

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