TORONTO, May 10, 2021 /CNW/ - Intact Financial
Corporation (TSX: IFC) today announced the retirement of
Mathieu Lamy, Executive Vice
President & Chief Operating Officer, effective May 31. Mathieu
Lamy will continue to stay closely involved with IFC in his
new role as Vice Chair, Innovation and Technology, beginning
September 1, 2021.
"Mathieu Lamy has been an
incredible contributor at Intact for more than a decade," said
Charles Brindamour, Chief Executive
Officer, Intact Financial Corporation. "Having Mathieu among the
leadership team helped us grow quickly over the years while
maintaining strong financial and operational performance. In his
role as Vice Chair, Innovation and Technology, Intact will continue
to benefit from his guidance."
Patrick Barbeau, Senior Vice
President, Claims, will assume the role of Executive Vice President
& Chief Operating Officer effective May
31, 2021. With over 20 years at Intact, Patrick will draw on
his experience managing large-scale teams, transforming the
customer experience in claims, driving performance in personal
lines and overseeing direct distribution marketing and
operations.
"Patrick Barbeau knows the
operations of Intact inside and out. More importantly, he has
overseen and shaped our personal lines strategy as well as our
claims operations – two pillars of our outperformance," said Mr.
Brindamour. "Patrick is a strong people leader and is well known by
the investment community and other industry stakeholders. We are
excited to see what Patrick will bring to the table as COO of
Intact."
About Intact Financial Corporation
Intact Financial Corporation is the largest provider of property
and casualty (P&C) insurance in Canada and a leading provider of specialty
insurance in North America, with
over $12 billion in total annual
premiums. The Company has over 16,000 employees who serve more than
five million personal, business and public sector clients through
offices in Canada and the U.S.
In Canada, Intact distributes
insurance under the Intact Insurance brand through a wide network
of brokers, including its wholly-owned subsidiary BrokerLink, and
directly to consumers through belairdirect. Intact Public Entities,
a Canadian Managing General Agent (MGA), distributes public entity
insurance programs including risk and claims management services in
Canada.
In the U.S., Intact Insurance Specialty Solutions provides a
range of specialty insurance products and services through
independent agencies, regional and national brokers, wholesalers
and managing general agencies. Products are underwritten by the
insurance company subsidiaries of Intact Insurance Group
USA, LLC.
Forward-looking statements
Certain of the statements included in this press release about
the Transaction or any other future events or developments
constitute forward-looking statements. The words "may", "will",
"would", "should", "could", "expects", "plans", "intends",
"trends", "indications", "anticipates", "believes", "estimates",
"predicts", "likely", "potential" or the negative or other
variations of these words or other similar or comparable words or
phrases, are intended to identify forward-looking statements.
Unless otherwise indicated, all forward-looking statements in this
press release are made as of May 10,
2021 and are subject to change after that date.
All of the forward-looking statements included in this press
release are qualified by these cautionary statements and those made
in the section entitled Risk Management (Sections 28-33) of our
MD&A for the year ended December 31,
2020. These factors are not intended to represent a complete
list of the factors that could affect the Company. These factors
should, however, be considered carefully. Although the
forward-looking statements are based upon what management believes
to be reasonable assumptions, the Company cannot assure investors
that actual results will be consistent with these forward-looking
statements. Investors should not rely on forward-looking statements
to make decisions, and investors should ensure the preceding
information is carefully considered when reviewing forward-looking
statements contained herein. The Company and management have no
intention and undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE Intact Financial Corporation