TORONTO, July 20,
2022 /CNW/ - Intact Financial Corporation (TSX: IFC)
today announced that Michael
Katchen, Co-Founder and CEO of Wealthsimple, will be
appointed to its Board of Directors effective July 25, 2022.
"We are pleased to welcome Michael
Katchen to the Intact Board of Directors as the company
continues to invest in transforming its competitive advantages
through digital acceleration and AI," said William Young, Chairman of the Board.
"Michael Katchen is a leading
entrepreneur and innovator dedicated to reinventing Canada's financial services industry. Michael
is passionate about helping people achieve financial freedom by
using technology to make great products available to everyone. We
look forward to adding his perspective to the IFC Board."
Mr. Katchen has been called an Industry Mover by the Financial
Post, a Change Agent by Canadian Business Magazine, and one of
Toronto's 50 most influential
people by Toronto Life. He has received the Entrepreneur of the
Year award from Ernst & Young, Canadian Startup Awards, and
Techvibes, as well as been named one of Canada's "Top 40 Under 40." He is a graduate
of the Richard Ivey School of Business at Western University.
Mr. Katchen is also an active member of the Business Council of
Canada, is on the Board of the
SickKids Hospital Foundation, and the Wealthsimple Foundation, an
initiative that helps children from low-income families save for
post-secondary education.
About Intact Financial
Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider
of property and casualty (P&C) insurance in Canada, a leading provider of global specialty
insurance, and, with RSA, a leader in the U.K. and Ireland. Our business has grown organically
and through acquisitions to over $20
billion of total annual premiums.
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 also provides
affinity insurance solutions through the Johnson Affinity
Groups.
In the U.S., Intact Insurance Specialty Solutions provides a
range of specialty insurance products and services through
independent agencies, regional and national brokers, and
wholesalers and managing general agencies.
Outside of North America, the
Company provides personal, commercial and specialty insurance
solutions across the U.K., Ireland, and Europe through the RSA brands.
SOURCE Intact Financial Corporation