Simplifying Insurance Since 2006
Trisura was founded in 2006 on the premise that insurance can be done better.
We believe insurance doesn’t have to be complicated, so we remove the “red tape,” bringing exceptional service and results to our customers and their clients. Trisura partners with a select broker network to ensure industry clients have the knowledge and tools to achieve success.
At Trisura, we believe organizations have a responsibility to give back to their local communities and, when possible, provide support on a larger scale. Each year, Trisura allocates a percentage of its net underwriting income directly to charities.
In addition to assisting communities nationwide, our charity involvement also serves to bring the Trisura team together. We routinely survey staff to understand what causes are near and dear to them and use this information to shape our giving strategy.
Trisura in the News
Check out the latest industry news, and what
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May 26, 2019
Risk Management Oversight Committee
The Board of Directors is responsible for oversight of risk management and internal control systems and policies. The Board of Directors has established Board of Directors level risk committees at group and subsidiary levels, whose members are largely independent of management. These committees meet quarterly to oversee and challenge the development and effectiveness of risk management frameworks and priorities and to review risk reporting.
The Group Risk Management function, under the direction of the Group Chief Risk Officer, promotes sound and effective risk management across the Company by (i) ensuring the effective processes are in place to identify, assess, monitor, manage and report the risks to which the Company is or might be exposed, (ii) facilitating the setting of risk tolerances, limits and appetite by the Board and (iii) providing comprehensive and timely information on material risks which enables the Board and the Risk Committee to understand the overall risk profile of the Company. The Group Chief Risk Officer liaises with Risk Officers at subsidiary levels to develop consistency of approach with respect to risk identifying, assessing, monitoring, managing and reporting tailored to the operations of the subsidiaries.
All Risk Officers at group and subsidiary levels report directly to their relevant risk committees. In addition, there are management level risk and underwriting committees at group and subsidiary levels with escalation processes to Board of Directors level committees.
Trisura Group LTD. Board of Directors
Trisura Group LTD. Risk Committee
Trisura Group LTD. Audit Committee
Trisura Guarantee Risk Committee
Trisura Specialty Audit and Risk Committee
Trisura International Audit and Risk Committee
Group Risk Management Function
Entity Level Risk Management Functions
Entity Level Management Underwriting Risk Committees
Board of Directors
Chair of the board and chair of the governance and compensation committee
George Myhal is President and CEO of Windermere Investment Corp., a private investment company active in capital markets, real estate and private equity. He was formerly President and CEO of Partners Value Investment Inc. and Senior Managing Partner at Brookfield Asset Management. Mr. Myhal has served on numerous public company boards and has extensive experience in the financial services industry including insurance, banking, asset management and capital markets. He holds a CA and Bachelor of Applied Sciences from the University of Toronto and in 2017 was awarded the Order of Canada for his achievements as an investment and finance leader, and for his philanthropic contributions.
Director and chair of the audit committee
Paul Gallagher has been Vice President Investments of Carfin Inc., an investment vehicle with holdings in private and public companies that are based in Canada and the United States, since 2016. Previously, he was the CFO at Wittington Investments, Limited which owns a number of public and private companies including George Weston Limited, one of North America’s largest food processing and distribution groups and Selfridges Group Limited, an international fashion retail company from 2007 to 2015. Prior to joining Wittington Investments, Limited, he held leadership roles with Avana Group, Fairwater Capital, Oxford Developments and PriceWaterhouseCoopers. Mr. Gallagher is a member of the boards of Guelph University and Sinai Health Systems and past President of the Board of the Children’s Aid Society of Toronto. He has previously served on the boards of the Caledon Institute of Social Policy, Rostland Corporation, Ryerson Oil and Gas and Northern Geophysical of America. He holds the Institute of Corporate Directors designation, is a Chartered Professional Accountant and holds a Bachelor of Commerce Degree from Lakehead University.
Director and chair of the risk committee
Barton Hedges served as a director and CEO of Greenlight Capital Re, Ltd., a specialist P&C reinsurer, from August 2011 to March 2017. He also served as a director of Greenlight Reinsurance Ireland from 2011 to March 2017. Mr. Hedges previously served as President and Chief Underwriting Officer of Greenlight Reinsurance, Ltd. from January 2006 to August 2011. He has over 20 years of experience in the P&C insurance/reinsurance industry. Prior to joining Greenlight Reinsurance Ltd., he served as President and Chief Operating Officer of Platinum Underwriters Bermuda, Ltd., a property, casualty and finite risk reinsurer, from July 2002 until December 2005 where he was responsible for the initial start-up of the company and managed the company’s day-to-day operations. His previous experience includes serving as executive vice president and Chief Operating Officer of Bermuda-based Scandinavian Re, a former insurance and reinsurance company, and actuarial consultant at Tillinghast-Towers Perrin, a management consulting and software solutions company focused on insurance and financial services. Mr. Hedges received his B.S. in Mathematics, Computer Science Concentration, from Towson State University in 1987 and is a Fellow of the Casualty Actuarial Society.
Greg Morrison is a Director and the former President and CEO of Trisura Group. He has served as the Chairman of Trisura International Holdco (formerly Imagine Re) since 2012. Previously, he served as the CEO and a director of Trisura International Holdco from 2006 to 2012. He has more than 35 years of experience in the insurance and reinsurance industries. He served as CEO of Platinum Underwriters Holdings Ltd., a property, marine and casualty reinsurance provider trading on the NYSE, and London Reinsurance Group Inc., a writer of reinsurance and retrocession in the P&C markets. Mr. Morrison currently sits on a number of property, casualty and life insurance company boards and their subsidiaries, including Trisura International Holdco, Aetna Life & Casualty (Bermuda) Limited, Redbridge Holdings Company Limited, Weston Insurance Holdings Corporation, Aspen Bermuda Limited, Swan Group Holdings, Multi-Strat Holdings and various international subsidiaries of Brookfield Asset Management. He is a Fellow of the Society of Actuaries (retired) and is an active member of a number of board audit and risk committees.
Bob Taylor was Chairman and a director of Trisura Guarantee from 2013 to 2017 and co-founded the firm with Mike George and John Garner in 2006. He was formerly President and CEO of a federally regulated insurance company that specialized in lines similar to those of Trisura. Mr. Taylor has a Bachelor of Applied Sciences (Chemical Engineering) from the University of Waterloo and an MBA from McMaster University.
Director, president and CEO, Trisura Group Ltd.
David is the President & CEO of Trisura Group Ltd. He is responsible for group strategy, corporate development, investor relations, capital allocation, and managing the investment portfolio. Previously, David was a Vice President of Partners Value Investments LP (“PVI”). PVI is a publicly-listed investment partnership (TSXV: PVF) with a substantial ownership interest in Brookfield Asset Management Inc. (NYSE:BAM), an investment in Trisura Group Ltd (TSX: TSU) and a portfolio of marketable securities. In his time at PVI David played an instrumental role in managing the firm’s securities portfolio. He led the initiative to diversify portfolio holdings, building and managing a global portfolio of public and private securities in multiple jurisdictions and across equity, fixed income and derivative instruments. In 2017, prior to full-time employment at Trisura, David was also appointed Chief Investment Officer of Trisura with oversight responsibility for its investment portfolio and activities.
Previously, David worked at Power Corporation of Canada, a diversified financial services company with controlling interests in companies in the insurance and investment management industries. There, he focused on corporate development and strategy for financial services with significant involvement at Great-West Lifeco, Putnam Investments, Mackenzie Investments, and Investors Group. This included investment portfolio review for insurance and mutual fund platforms, investment performance monitoring, investment diligence and recommendations, strategic capital allocation, evaluation of acquisitions and post-merger integration. Prior to joining Power Corporation of Canada, David held various roles in the Financial Services Group of CIBC’s investment banking division. He holds a Bachelor of Commerce degree from Queen’s University.
Janice Madon has been Senior Advisor to Brookfield Asset Management since 2020. Prior to that, from 2007 to 2019, Ms. Madon held a number of senior roles at Manulife Financial including Chief Accountant, Chief Auditor and had most recently led Manulife Canada’s finance team as Executive Vice President and CFO. Previously, she held senior roles at Royal Bank of Canada and Ernst & Young. Ms. Madon currently sits on the boards for Foresters Financial, an international life insurance and individual savings company, REIIF: Real Estate Income and Impact Fund, a private, open-ended fund that invests in Canadian residential real estate, and Appleby College, a non-profit independent school. Ms. Madon is a Chartered Professional Accountant and holds an MBA from the University of Toronto’s Rotman School of Management and a Bachelor of Commerce, Hotel and Food Administration from the University of Guelph.
Ms. Lanthier was President and CIO of Public Markets at Fiera Capital from 2020 to 2022. In that role, she was overseeing a portfolio of $150 billion across equities, fixed-income securities and alternative investments. Prior to that, from 2006 to 2020, she held a number of senior roles at PSP Investments, one of Canada`s largest pension investment managers. From 2015 to 2020, she was Senior Vice President and Global Head of Capital Markets. In that role, she was responsible for a portfolio of approximately $80 billion and was part of the executive committee. Ms. Lanthier has 25 years of experience in the asset management industry. Previously, she held senior roles at Hydro-Québec Pension Fund and started her career at the Bank of Canada. Ms. Lanthier sits on the board/investment committees of the Azrieli, McGill and The Jewish Community Foundations. Ms. Lanthier is a CFA and holds a Bachelor of Commerce and M.Sc. in Finance from Laval University.