A local insurance company has announced that it will be rebranding.
Insurance Corporation of the Channel Islands will change its trading name to Intact Insurance by the end of 2025, following its acquisition by Intact Financial Corporation in 2021.
Intact Financial Corporation is the largest provider of property and casualty insurance in Canada.
Its acquisitions are almost CAD$24 billion of total annual direct premiums written. It has 31,000 employees globally.
Insurance Corporation was established in 1982 and, as part of RSA, said it had “always embodied Intact’s founding principle of helping people, businesses and society prosper in good times and be resilient in bad times”.
The firm added that the rebrand to Intact Insurance will “accelerate progress”, “unify colleagues” and “leverage Intact’s deep expertise”.
Charles Brindamour, CEO of Intact Financial Corporation, described the transformation of the UK business as a result of the acquisition as “exceptional”.
“Intact has a global footprint with big aspirations for the future and RSA is already a significant contributor,” he added.
“Aligning under the Intact brand is a natural next step in our strategy to strengthen our leading position in the UK, Europe and Ireland.”
Mark Marshall, Managing Director of Insurance Corporation, said that being part of a larger group was a “benefit” to the local firm.
“As part of Intact, we operate in an increasingly interconnected world and having a brand that unites our businesses globally will help in our ambition to outperform the market,” he said.
“This ambition will cement our place as the number one local insurer across the Channel Islands by leveraging Intact’s global footprint as well as our own unique local footprint.”