Intact Financial Corporation has announced a leadership transition as Louis Marcotte will step down as executive vice president and chief financial officer following the release of the company’s Q4 2024 earnings on Feb. 13, 2025.
Ken Anderson, currently executive vice president and CFO of RSA UK & Ireland, will succeed Marcotte.
Marcotte will assume the role of vice chair at IFC, focusing on the growth of the company’s European operations within its global specialty lines.
Marcotte was instrumental in effectively conveying IFC’s vision to investors, earning recognition as one of Canada’s Top Gun CFOs by Brendan Wood on three occasions. He was described as having built an “outstanding finance team which is widely recognized for excellence in reporting and investor relations.”
“I want to thank Louis for his dedicated service to Intact over the past 18 years and for his significant contributions to our strategy and growth. During his tenure as CFO, IFC’s market cap tripled to $47 billion on the back of double-digit growth in operating earnings and nearly 700 bps of ROE outperformance,” said CEO Charles Brindamour.
“Louis was instrumental in the financing of all our acquisitions during his tenure and he kept our organization focused on financial performance and discipline, both of which helped IFC transform into a leading global P&C company. I am grateful he will continue to lend his leadership and expertise to IFC.”
With 17 years at Intact, Anderson brings a wealth of expertise in treasury, corporate development, investor relations, and financial reporting. He played a key role in structuring and coordinating the RSA acquisition, Intact’s largest transaction to date.
“Ken is the natural choice to be IFC’s next CFO,” said Brindamour. “His extensive experience in our business and deep understanding of our strategy make him the ideal successor.”
Intact Financial Corporation is a provider of property and casualty insurance that operates globally, with specialty insurance and leadership in the UK and Ireland through RSA.
The company’s annual premiums exceed $22 billion, and its insurance solutions are delivered under multiple brands, including Intact Insurance, belairdirect, and Intact Insurance Specialty Solutions.
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