After nearly seven years at the helm of Intact Financial's Global Specialty Lines (GSL), T. Michael Miller is stepping down as CEO.
As Miller prepares for retirement on March 31, 2025, he will transition to a new role as chairman of GSL and continue to influence the company as a director on Intact’s board.
Under his leadership, the specialty platform grew from $2 billion in premiums—primarily in North America—to over $6 billion globally. In addition to establishing operations in the UK and Europe, Miller helped extend the company’s global footprint, now covering 150 territories through its Global Network. This expansion was matched by improvements in underwriting and pricing, which bolstered profitability.
"[Miller] has been a valued member of our senior leadership team whose impact has been felt beyond specialty lines," said Charles Brindamour, CEO of Intact Financial Corporation. "He has built an impressive global platform centered around outperformance and a highly engaged team. I am grateful for his many contributions and that we will be able to continue to tap into his expertise and insights as chairman, GSL and a member of our Board."
Emmanuel Clarke, currently serving as a corporate director and chairman of Intact’s GSL Advisory Board, will succeed Miller as CEO of GSL.
Clarke brings more than 25 years of experience in the insurance sector, having previously served as president and CEO of PartnerRe. In recent years, he has advised various corporate boards within the insurance industry on strategies for growth. Clarke will step down from the board as he takes on his new role.
Brindamour said that with Clarke's strong track record in the industry, he is confident of the incoming CEO's ability to lead GSL.
"[Clarke] is highly engaged and energized by opportunities. I look forward to working with him as CEO GSL as we continue to pursue our objective of $10 billion in Direct Premiums Written by 2030 at a sustained sub-90s combined ratio," said Brindamour.
Before Miller's retirement in March, Intact will undergo a leadership change as Louis Marcotte steps down from his position as executive vice president and chief financial officer on February 13. He will then take on a new role as vice chair of the company.
What are your thoughts on this leadership transition and Intact’s future growth? Share your opinion in the comments.
