New Trisura CEO to build on the successes of Mike George

New Trisura CEO to build on the successes of Mike George

This article was originally published by Insurance Business Canada on April 12th, 2019

Read the original article here.

Author: Bethan Moorcraft

 

Trisura Guarantee Insurance Company (Trisura Guarantee) has a new president and chief executive officer. Chris Sekine has been tapped for the role after leading Trisura Guarantee’s surety group since its inception. Sekine takes the reins from company founder Mike George, who will continue to work with Trisura Guarantee on a consulting basis.

Chris Sekine to build on successes of Mike George“I’m very excited about taking on the CEO position,” said Sekine. “This is an exciting time for Trisura Guarantee. We’re coming off one of our best years ever in 2018. The company performed extremely well, with almost 13% business growth and a very strong underwriting profit. From that standpoint, the company’s in fantastic shape, so in terms of our direction moving forward, there’s no change from where I’m sitting. We’re going to continue with a strategy that has created success for Trisura, a lot of which is around creating exceptional experiences for our broker partners.”

Sekine has been with Trisura Guarantee since it was founded in 2006. He’s a familiar face to the company’s employees, brokers and reinsurance partners. As part of the Trisura Guarantee leadership team, Sekine has been helping to set the specialty insurer’s executive and strategic direction for over a decade. That includes the firm’s broker strategic initiative, reinsurance placement and overseeing underwriting decisions.

“I’m intimately familiar with Trisura Guarantee’s business strategy, our growth strategy and our success strategy,” Sekine told Insurance Business. “As CEO, I plan to continue moving that forward because it has worked very well for us in the past. We have three major lines of business – surety, specialty insurance, and risk solutions – and we’re going to continue focusing on those existing lines. We’re always looking for ways to broaden our appetite and capacity in those areas, while also looking for ways that we can introduce digital solutions [that will] bring efficiencies and streamline how business is done – but only in the appropriate areas.”

Trisura Guarantee has been quite successful in its digital strategy so far, according to the new CEO. In 2018, the company transacted about $18 million in premium through digital channels, translating to roughly 30,000 insurance transactions. Sekine hopes to continue investing in digital capabilities and look for ways to help Trisura Guarantee’s broker partners distribute their products and services. He said: “We’re always looking for ways to provide our brokers with advantages, especially against direct writers and all the disruption that’s going on in the industry.”

Ex-CEO Mike George (pictured at a charity sleep out event below) is staying with Trisura Guarantee on a consulting basis to facilitate the leadership transition. Sekine and George have known each other and worked together for over 25-years, and both give glowing reports of each other.

Chris Sekine to build on successes of Mike George

Sekine commented: “Mike has been a friend and mentor of mine for a long time. He’s really helping me with the transition into my new role and assisting me with areas that I’m less familiar with. He built Trisura from the ground up, and it has been a great success story. I want to thank Mike for that. At the end of the day, what Mike can be proud of is that he’s left Trisura in fantastic shape and in very good hands. From a company perspective, our responsibility now is to continue down that journey and make Trisura even stronger and more successful.”

One of the standout highlights under George’s leadership, aside from operational performance, was Trisura Guarantee’s strong community presence. It has been an integral part of the Trisura Guarantee culture since its inception, Sekine explained, and that won’t change under his leadership. “We’ve always felt we have an obligation to give back to the communities where we conduct business,” he said. “In those communities, that has become a really important factor in the strength of our brand.”

Trisura Guarantee Named a 2019 Top Small & Medium Employer

Trisura Guarantee Named a 2019 Top Small & Medium Employer

This morning, Mediacorp Canada Inc. announced the 2019 winners of their annual Top Small & Medium Employers competition. And, for a third consecutive year, Trisura Guarantee is proud to be on the list!

Trisura a 2019 Top Small & Medium Employer“We are honoured and delighted to be selected once again as one of Canada’s Top Small & Medium Employers,” Cindy Grant, Trisura’s vice president of human resources, says. “Trisura’s foundation is built on the simple premise that everyone shares the same core values of integrity, teamwork, passion and a sense of shared commitment to our communities across Canada.” 

The annual competition, now in its sixth installment, evaluates employers based on the following criteria: physical workplace; work atmosphere and social; health, financial and family benefits; vacation & time off; employee communications; performance management; training and skills development; community involvement.

From helpful savings offerings to flexible work options and community involvement, Trisura Guarantee has a strong focus on workplace culture and community. You can read up on all the areas Trisura Guarantee excels at here.

To learn more about how winners of the competition are selected, visit the Canada’s Top 100 website.

About Trisura Guarantee:

Trisura Guarantee Insurance Company is a Canadian specialty insurance and surety company with offices across Canada, providing customized solutions and expertise through a select broker network. Trisura Guarantee is uniquely positioned to satisfy Canadian risks in Contract, Commercial and Developer Surety, Directors’ and Officers’ Liability, Fidelity, Professional Liability including Media and Cyber Liability and Warranty products.

Trisura Guarantee Insurance Company is a subsidiary of Trisura Group Ltd., a leading international specialty insurance provider operating in the surety, risk solutions, corporate insurance and reinsurance segments of the market. Trisura has three principal regulated subsidiaries: Trisura Guarantee Insurance Company, Trisura International Insurance Ltd. and Trisura Specialty Insurance Company. Trisura is listed on the Toronto Stock Exchange under the symbol “TSU.”

About Canada’s Top Small & Medium Employers list:

Canada’s Top Small & Medium Employers is an annual editorial competition published by Mediacorp Canada Inc. The list recognizes small and medium enterprises that excel in workplace culture, as well as innovative and progressive human resources initiatives. The competition is open to employers whose head office is in Canada and have less than 500 employees globally. Qualifying companies are commercial, for-profit organizations.