Intact Financial Corporation and Affiliates: Rating Report

On October 10, 2023, DBRS Limited (DBRS Morningstar) upgraded Intact's Issuer Rating to A (high) from “A” and the Financial Strength Rating (FSR) of its main operating insurance subsidiaries to AA from AA (low). The FSRs of Intact’s UK-based subsidiary RSA Insurance Group Limited and its operating entities were also upgraded to AA from AA (low). The Issuer Rating on RSA Insurance Group Limited was upgraded to A (high) from “A.” The trends on all ratings were changed to Stable from Positive.