Intact records C$421mn in Q2 cat losses, largely due to wildfires
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Intact records C$421mn in Q2 cat losses, largely due to wildfires

Shelby Rosenberg
July 11, 2023
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CA: The Creek Fire

Canadian insurer Intact posted C$421mn ($317mn) in pre-tax losses for Q2, the bulk of which were caused by wildfires.

The carrier’s second-quarter catastrophe loss estimate, released Tuesday, revealed that nearly half of the losses in the Canada segment were attributable to wildfires, with the greatest financial impact coming from Atlantic Canada.

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