Intact to merge UK and EU specialty businesses

Intact Insurance is bringing its UK and European specialty lines operations together under Intact Insurance (Europe) as it looks to simplify trading across multiple territories.

As part of the move, Intact intends to establish a UK branch of its European business from 1 January 2027, subject to regulatory approval.

Intact’ specialty lines business generally encompasses larger, more complex and internationally exposed risks managed through its London market teams

The new structure will allow Intact to underwrite European risks from London, providing brokers with a more streamlined route for placing business across the UK, EU and European Economic Area (EEA).

Cross-border trading

Intact said the change is designed to make it easier to support customers with operations spanning multiple countries through a single insurer.

The new structure is also expected to reduce administrative complexity associated with cross-border placements and simplify policy issuance and documentation where UK and European risks are written together.

Brokers will continue to deal with the same Intact underwriters, specialist teams and relationship contacts following the changes.

Nadia Cote, chief executive of Europe and head of specialty lines UK, said: “Combining our UK and European speciality lines businesses and creating a UK regulated branch will make the placement of European risks easier for brokers. It is a strategic step forward in our ambition to operate as one global speciality lines team, strengthening our ability to serve customers and broker partners across Europe while supporting our long-term profitable growth ambitions.

“Brokers have told us, make it easier to place and manage risks across multiple territories by reducing complexity while retaining our local specialist expertise and that is exactly what we are doing.”