A Message from Trisura’s Chief Operating Officer

A Message from Trisura’s Chief Operating Officer

Hello friends,

Man in blazer standing in front of marble wall.With the first quarter of 2021 coming to a close, I wanted to take the time to thank you for your continued support and valued partnership. Last year came with unique challenges and we hope we succeeded in helping make your brokerage run smoothly through it all. At Trisura, we take pride in helping our brokers be successful. In 2020 we conducted an extensive broker survey to give us insight into how we could continue to improve your experience with us. We appreciate all of the feedback received, and are in the midst of reviewing the results. We appreciate the tremendous role and responsibility that the broker community has and are honoured to support your efforts and the efforts of the Insurance Brokers Association of Canada. With this is mind, Trisura is pleased to continue our support as a Full Partner of the Insurance Brokers Association of Canada’s Broker Identity Program.

We are optimistic that we will be able to get together again in person later this year, and until then, we will do everything we can to bring you service that remains a step above.

 

Richard Grant
Chief Operating Officer, Trisura Guarantee Insurance Company

Learn from the Best at Trisura through our Exclusive Education Series

Learn from the Best at Trisura through our Exclusive Education Series

By Sara Ametrano

 

The pandemic has prevented us from meeting with our broker partners in person, and we’ve really missed that interaction. It made it clear that now is the perfect time to try something new. So we’re seizing the opportunity to get creative, because after all, at Trisura, we love innovation.

You’ve participated in our e-learning courses (more coming your way this year!) and possibly even some in-person webinars with our subject matter experts. But now, we’re stepping things up even more, expanding our catalogue of courses with free webinars!

Hosted by an exclusive Trisura team, our education series will be a new way to learn about specialty insurance and surety. A fun way to learn at a distance, our instructors will present interactive courses live and will be ready to take any questions you might have. And that’s not all: continuing education credits will also be available to those who attend!

We’re looking forward to bringing exciting new courses your way and hope to see you at the webinars.

Stay tuned for more information including course information and accessibility and dates coming your way soon!

Championing Women Every Day

Championing Women Every Day

By Sara Ametrano

 

The theme of this year’s International Women’s Day is Choose to Challenge. We are seeing strides in the workforce; we are more diverse than ever, but we must continue to challenge and shape the future.

Trisura’s staff is 52% women strong, with several being influential members of Trisura’s leadership team. Women are difference-makers, and we stand by their personal and professional growth, as well as support their important initiatives.

We all know that the pandemic has posed unique challenges, including forcing companies and individuals to adapt to a new business landscape. Our team acted quickly towards navigating operations remotely and were there to assist our broker partners with any concerns they had. In fact, one of our very own underwriters, Emily Thompson, was the recipient of the 2020 Underwriter of the Year award from Insurance Business Canada, a reflection of her efforts to quickly streamline business and find solutions during the pandemic.

One of the people behind the faces of Trisura is our senior vice-president of Human Resources, Cindy Grant. Cindy works to ensure every element of the organization is a step above, from bringing top talent on board to managing Trisura’s philanthropic initiatives. An accomplished individual with a colourful career in the financial services sector, Cindy is an inspirational leader and her door is always open to everyone, whether it’s a work-related matter or simply to catch up.

“I am passionate about celebrating women in business and building inclusive workplaces where women thrive,” Cindy says. “Choose to challenge yourself–to learn, to grow, to teach.”

Women are an integral part of the workforce, and we honour them today and continue to be inspired by their drive and dedication.

Happy International Women’s Day!

And the Excellence in Professional Liability Award Goes To…

And the Excellence in Professional Liability Award Goes To…

By Sara Ametrano

 

Over the last several months, Insurance Business Canada has been on a mission to determine the leading carriers for professional liability coverage in the country. Trisura is happy to report that we have made the inaugural list!

“We are thrilled to be recognized as a Five-Star Carrier for professional liability,” Marilyn vanGansewinkel, Trisura’s senior vice president of specialty insurance solutions says. “Trisura always strives to create positive experiences for our broker partners, providing tailored solutions to meet their unique needs.”

To determine the winners, the magazine conducted extensive research, surveys and one-on-one interviews with brokers to determine the nation’s leading professional liability providers. Information was gathered for a variety of categories, and Trisura is one of just two organizations to be selected as a top carrier for all of the categories:

  • Private E&O
  • Private EPLI
  • Private D&O
  • E&O Lawyers
  • E&O Design
  • E&O Accountants
  • E&O Medical
  • E&O Construction
  • E&O Non- profit
  • Public E&O
  • Public EPLI
  • Public D&O
  • Claims
  • Underwriting

What is professional liability insurance?

Professional liability insurance protects against allegations of negligence in the performance of a business’ professional services. The client may seek financial compensation if they believe the organization failed in their professional services that caused a financial loss.

What Trisura can do:

As we do with our other products, Trisura can tailor the professional liability coverage to fit each specific class of professional that we insure. Trisura takes a unique approach to all claims and provides expertise and solutions so organizations and individuals can quickly return to their business.

About the Insurance Business Canada Five-Star Carrier in Professional Liability Awards:

Over the span of 15 weeks, Insurance Business Canada conducted research, surveys and interviews with thousands of brokers to determine the country’s top carriers. The criteria used for scoring carriers included: relationships between parties, ability to handle claims, underwriting expertise and the products provided. Access the complete list of winners and more information on the awards here.

To learn more about Trisura’s professional liability coverage, click here. Or, talk to one of our experts today! Contact us.

Trisura Guarantee Insurance Company remains a Full Partner of the Broker Identity Program for 2021

Trisura Guarantee Insurance Company remains a Full Partner of the Broker Identity Program for 2021

The following is a press release published by the Insurance Brokers Association of Canada.

Toronto, February 22, 2021 – The Insurance Brokers Association of Canada (IBAC) is pleased to announce that Trisura Guarantee Insurance Company has maintained its support of the Broker Identity Program (BIP) at the Full Partner level.

Trisura’s sponsorship will support IBAC’s Broker Identity Program (BIP), a national advertising campaign that raises awareness of the significant value that insurance brokers provide for their clients – choice, advice and advocacy.

In addition, their investment will contribute to important IBAC initiatives including IBAC’s technology leadership, professional development of the broker workforce, and our strong and effective federal advocacy to maintain the separation of banking and insurance, which protects consumers and promotes a fair and competitive marketplace.

“For Trisura, Covid-19 has underscored the importance and value that brokers provide to insureds and insurers alike. Trisura strives to provide our brokers with an exceptional experience and to be their consummate partner, and today’s environment has intensified this critical mission,” said Chris Sekine, Trisura’s President & CEO. “We believe that IBAC’s Broker Identity Program plays a critical role in supporting insurance brokers across Canada and we are proud to continue our participation as a Full Broker Partner.”

“Now more than ever, insurance brokers are going above and beyond to assist their customers. Trisura’s renewed investment recognizes the essential role of the broker, and we greatly appreciate their continued partnership and support,‘’ said Peter Braid, IBAC’s Chief Executive Officer.

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 IBAC:

Founded in 1921, the Insurance Brokers Association of Canada is the national voice of over 38,000 property and casualty insurance brokers, advocating for the interests of both insurance brokers and consumers to the Government of Canada. The Broker Identity Program (BIP) was launched in 1988 to promote the value and professionalism of the insurance broker to consumers, insurers and governments.

For further information, please contact:
Denys Bégin, Manager, Marketing & Communications
Insurance Brokers Association of Canada
416-367-1831 ext. 160 or dbegin@ibac.ca
www.ibac.ca

Executive Outlook 2021: Chris Sekine, Trisura

Executive Outlook 2021: Chris Sekine, Trisura

Originally Published by Canadian Underwriter, December 23, 2020.

President and CEO, Chris SekineChris Sekine, President, CEO, Trisura Guarantee Insurance Company

COVID-19 has affected most businesses, and the insurance industry is no exception. Businesses are operating in a more uncertain environment than ever before. Insurers and reinsurers have adjusted underwriting appetites, which has influenced portfolios, available capacity, and pricing. Given current hardening conditions, we expect industry results to gradually improve. For many businesses, near-term results will be contingent on government support in response to the pandemic and the potential for further lockdowns.

Insureds are navigating challenging industry dynamics. The pandemic, combined with the hard market, amplified the need for brokers and their value. This is true for both insureds and insurers, and especially those with complex commercial risks. Trisura is a broker-driven company and we are working closely with our broker partners to navigate these turbulent times.

We expect the risk tolerance of businesses/insureds to evolve. Cyber risk is a good example of an exposure that businesses may not have appreciated. As cyber attacks have increased through COVID-19, businesses are looking to the insurance industry to help manage this risk.

We expect many business trends established before COVID-19 to return and business operations will resume much as they were pre-pandemic. For example, we anticipate a return to working in-office and in-person interactions with our brokers and partners. Although most companies successfully transitioned to working remotely, we don’t believe that is sustainable in the long run. Businesses rely on personal relationships. Virtual meetings are a great temporary measure, but they simply can’t replace in-person meetings.

That being said, the success of remote working arrangements will provide a broader tool set to employers and employees. For those with appropriate job functions, employers should offer flexible working arrangements.

Embracing technology will enhance productivity and collaboration of established operating norms. What hasn’t changed is that good people are the very core of a successful business.