Frederic Cotnoir - Intact Financial President

IFC Stock  CAD 272.71  0.51  0.19%   

President

Mr. Frederic Cotnoir is Senior Vice President Corporationrationrate and Legal Services, Secretary of the Company. In this role Mr. Cotnoir is responsible for Intacts legal, compliance and corporate secretarial functions. Prior to joining Intact, Mr. Cotnoir was a partner at McCarthy Ttrault, where he practised law in the areas of mergers and acquisitions, corporate finance and securities laws, corporate governance and the regulation of financial institutions. He was also a member of the Board of Partners since 2016.
Tenure 8 years
Phone866 941 5094
Webhttps://www.intactfc.com
Frédéric has a law degree from Sherbrooke University and Queen’s University and a Masters in Law and Accounting from the London School of Economics. He was Senior Vice President, Corporationrationrationrate and Legal Services and Secretary, Intact Financial Corporationration since 2016. He was Partner of McCarthy Tétrault LLP since 20112016.

Intact Financial Management Efficiency

The company has return on total asset (ROA) of 0.0332 % which means that it generated a profit of $0.0332 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.13 %, meaning that it generated $0.13 on every $100 dollars invested by stockholders. Intact Financial's management efficiency ratios could be used to measure how well Intact Financial manages its routine affairs as well as how well it operates its assets and liabilities.
Intact Financial has accumulated 5.74 B in total debt with debt to equity ratio (D/E) of 0.27, which may suggest the company is not taking enough advantage from borrowing. Intact Financial has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Intact Financial until it has trouble settling it off, either with new capital or with free cash flow. So, Intact Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Intact Financial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Intact to invest in growth at high rates of return. When we think about Intact Financial's use of debt, we should always consider it together with cash and equity.

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Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. Intact Financial Corporation was founded in 1809 and is based in Toronto, Canada. INTACT FINANCIAL operates under InsuranceProperty Casualty classification in Canada and is traded on Toronto Stock Exchange. It employs 16000 people. Intact Financial (IFC) is traded on Toronto Exchange in Canada and employs 30,000 people.

Management Performance

Intact Financial Leadership Team

Elected by the shareholders, the Intact Financial's board of directors comprises two types of representatives: Intact Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intact. The board's role is to monitor Intact Financial's management team and ensure that shareholders' interests are well served. Intact Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Intact Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
William Young, Independent Director
Karim Hirji, Senior Vice President, Managing Director, Intact Ventures
Shubha Khan, Vice Relations
Anne Fortin, Senior Vice President - Sales and Marketing, Direct to Consumer Distribution of the Company
Peter Weightman, Senior Vice President and Chief Underwriting Officer, Specialty Solutions, North America
Kenneth Anderson, Senior Vice President - Investor Relations and Corporate Development
Lucie Martel, Chief Human Resource Officer, Senior Vice President
Sylvie Paquette, Independent Director
Louis CPA, Executive CFO
Frederick Singer, Independent Director
Robert Leary, Independent Director
Jennifer Beaudry, Ma Relations
Luisa Currie, Senior Vice President - Western Canada
Timothy Penner, Independent Director
Claude Dussault, Independent Chairman of the Board
Werner Muehlemann, Senior Vice President Managing Director of Intact Investment Management Inc
Sonya Cote, Senior Vice President and Chief Internal Auditor
Timothy Miller, President - U.S. Operations and North American Specialty Lines
Louis Gagnon, President - Service and Distribution
Mark Tullis, Executive Vice President - Governance and Capital Management
Louis Marcotte, Chief Financial Officer, Senior Vice President
Jane Kinney, Independent Director
Isabelle Girard, Senior Vice President - Personal Lines
JeanFrancois Desautels, Senior Vice President - Quebec and Digital Distribution, Intact Insurance
Natalie Higgins, Senior Vice President - Atlantic Canada
Carla Smith, Senior Vice President - Specialty Solutions, Canada
Imen Zitouni, Senior Officer
Patrick Barbeau, Senior Vice President - Claims
Carol Stephenson, Independent Director
Charles BSc, CEO Director
Louis MBA, Chief Canada
Frederic Cotnoir, Senior Vice President - Corporate and Legal Services, Secretary
Janet Silva, Independent Director
Joseph Annunzio, Senior Vice President - Specialty Solutions and Surety
Mathieu Lamy, COO - North American Accountability For Claims, Technology, Intact lab and Data Lab, Ventures, and People Operations
David Tremblay, Deputy Senior Vice President and Chief Investment Officer, Intact Investment Management Inc
Kenneth Norgrove, Chief UKI
Charles Brindamour, Chief Executive Officer, Director
Darren Godfrey, Senior Vice President - Commercial Lines, Intact Insurance
Stephen Snyder, Independent Director
Debbie CoullCicchini, Executive Vice President of Intact Insurance Company
Martin Beaulieu, Senior Vice President and COO - Direct to Consumers Distribution
Benoit Morissette, Senior Vice President and Group Chief Actuary

Intact Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Intact Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Intact Financial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Intact Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Intact Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Intact Stock

  0.84FFH Fairfax FinancialPairCorr
  0.63FFH-PM Fairfax FinancialPairCorr
The ability to find closely correlated positions to Intact Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intact Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Intact Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Intact Financial to buy it.
The correlation of Intact Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intact Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intact Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Intact Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Intact Stock

Intact Financial financial ratios help investors to determine whether Intact Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Intact with respect to the benefits of owning Intact Financial security.