Water Damage: a Quiet, Slow and Expensive Claim

Did you know that water damage is one of the most common losses in the industry? With areas of the country now experiencing cold snaps, damage from a frozen pipe is possible. In the latest issue of News from the Vault, OneBeacon Financial Services’ Craig Collins discusses the many ways to prevent water damage and the existing technology you can utilize to stay alert if there’s a leak.

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Intact Financial Corporation completes acquisition of specialty insurer The Guarantee Company of North America and Frank Cowan Company Limited

TORONTO, Dec. 2, 2019 /CNW/ – Intact Financial Corporation (TSX: IFC) announced that it has today completed the acquisition (the “Acquisition”) of The Guarantee Company of North America (“The Guarantee”) and Frank Cowan Company Limited (“Frank Cowan”), having received all required regulatory approvals.

“Closing this transaction represents meaningful progress on our strategic objectives,” said Charles Brindamour, Chief Executive Officer, Intact Financial Corporation. “After months of working together on integration planning, we can now welcome The Guarantee and Frank Cowan employees into the Intact family. We look forward to continue to work together to advance our goals of bolstering our leadership position in Canada while building a leading North American specialty insurer.”

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Leading Domain Registrars Hacked by Third-Party – Protect Your Account Information

According to a recent Krebs on Security article, top domain name registrars, NetworkSolutions.com, Register.com and Web.com, issued a statement asking customers to reset their passwords after discovering a third-party gained unauthorized access to customer account information in August 2019.

Read more on our Tech Risk blog>>

Another great year at PLUS!

Earlier this week, OneBeacon Entertainment, Financial Institutions, Management Liability and Technology attended and sponsored the annual PLUS Conference held in National Harbor, Maryland. It was a great forum to connect with colleagues and develop new relationships, while keeping up with the latest trends and news in the industry. Additionally, the group hosted a cocktail hour where they caught up with their producer partners, while enjoying appetizers and cocktails at the Pienza Marketplace.

Check out a few photos below!

Join Us at the 2019 PLUS Conference in National Harbor, Maryland

Our Entertainment, Financial Institutions, Management Liability and Technology teams will be in National Harbor, Maryland for the 2019 PLUS Conference from November 11-13. We’re excited to catch up with colleagues and host our producer partners for cocktails and appetizers at the Pienza Marketplace. We look forward to seeing you there! #PLUS2019

OneBeacon’s Ryan Sardelli Speaking at Verisk Velocity

OneBeacon’s Ryan Sardelli will be speaking as a panelist at the Verisk Velocity conference in Jersey City, NJ tomorrow, October 18. Ryan and two other industry professionals will participate in a session titled ‘The Future of Cyber Insurance’ which will focus on the trends impacting cyber insurance today and new underwriting solutions.

If you are at the conference, be sure to check out Ryan’s session. Good luck, Ryan!

Great Seeing You in Seattle!

We had the pleasure of hosting our producer partners in Seattle, WA for our final Product Fair of 2019! Underwriting teams from Entertainment, Environmental, Financial Services, Inland Marine, Management Liability, Technology, Specialty Property and Surety were on hand to discuss their products and services, while enjoying lunch and drinks at Loulay Kitchen & Bar. It was a great event, and we look forward to 2020 for these opportunities to see colleagues and make new connections. Thanks to all who joined us!

Check out a few photos from the event!