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“What’s really interesting in my position is, I sit with Western Financial Group thinking like a broker, I sit with State Farm thinking like an exclusive agent and I sit with the old DGIG thinking like a direct insurer and we all think that we have the best” distribution model, Paquette suggested during a luncheon keynote address in April 2015 at the CIP Symposium in Toronto. Until Oct. 25, 2016, Paquette was chair of the Insurance Institute of Canada. She was replaced in that capacity by Intact Insurance president Jean-François Blais. Intact announced April 5 that for the first three months of 2017, catastrophe losses were about $88 million on a pre-tax basis and $64 million after tax. “This year’s winter conditions led to an increase in claims in all lines of business, though severe wind events in Central and Atlantic Canada drove most of the catastrophe losses,” Intact said in a release. “We continue to seek opportunities to expand our reach and find innovative solutions to make it easy for our customers to protect the things they care about, with the objective of doubling our direct-to-consumer business in the mid-term,” Intact Financial said in its annual report for 2016, posted March 31 to SEDAR. Intact reported direct premiums written of $7.946 billion 2016. In its annual report, Intact said 48% of its premiums are from brokers other than BrokerLink and other than “Intact-affiliated” brokers, which are brokerages to which Intact provides financing or to which Intact holds an equity investment. In addition to Canada Brokerlink Inc., Intact Financial’s “significant operating subsidiaries” are Intact Insurance Company, The Nordic Insurance Company of Canada, Novex Insurance Company, Jevco Insurance Company, Canadian Direct Insurance Inc., Trafalgar Insurance Company of Canada, Equisure Financial Network Inc., Farm Insurance Inc., IB Reinsurance Inc and Belair Insurance Company Inc.
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