The Sun is Shining

The Sun is Shining

By Chris Sekine

 

Welcome to summer!

I was honoured and thrilled to be selected as the President and CEO of Trisura Guarantee. Mike George has been both my friend and my mentor for 28 years. I will be forever grateful to him for having the confidence in me to start up our surety business in 2006. Mike should be very proud of what he accomplished at Trisura, which has grown over the past 13 years to become a leader in Canada for specialty insurance.  Thank you Mike, and know that Trisura remains in good hands.

I would also like to acknowledge both Bob Taylor and John Garner, Mike’s partners and co-founders of Trisura. Together, they were the “three amigos.” Trisura lore is that our tag line, “A Step Above, comes from the co-founders’ presentation to the Office of the Superintendent of Financial Institutions (OSFI) during the formation of Trisura. After the presentation concluded, the senior OSFI executive commented that the Trisura business plan and presentation was “a step above” what they normally see. The senior minister on the file corrected him by saying, “No, this presentation was a step above a step above.” After that meeting, the tag line was born and has been instilled in every part of Trisura’s culture. I am very pleased that Bob Taylor remains on the board of directors for both Trisura Guarantee and Trisura Group.

As we embark on the next phase of our journey, we will remain true to Trisura’s core values and our relentless pursuit of being a step above. We will continue to create exceptional experiences for brokers and all of our stakeholders. It may seem basic to many, but this strategy has worked well over the company’s first 13 years. It has resonated with our brokers, their customers, our reinsurers and our staff. Our priority is to build on our success and make Trisura stronger, with the goal to be recognized as Canada’s leading specialty insurer. We will continue to look for opportunities to expand our capacity and appetite within our existing lines of business, while also looking at new lines of business that are adjacent to those where we are entrenched. 

With the future and our relationships in mind, we’ve re-aligned our leadership team with the following well-deserved appointments:

  • Richard W. Grant to Chief Operating Officer;
  • Chris Kucman to Senior Vice President of Distribution and Field Operations;
  • Pina Mazzoli to Senior Vice President of Digital Distribution and Marketing;
  • Matt Baynton to Senior Vice President, Surety. Matt is taking my former position to head our surety business nationally;
  • Marilyn vanGansewinkel to Senior Vice President of Specialty Insurance Solutions. Marilyn is taking Richard Grant’s former position to head our Specialty Insurance Solutions business nationally;
  • Glen Shaw to Senior Vice President, Risk Solutions, Warranty and Ceded Reinsurance.

Reporting to Chris Kucman and leading our various front-line operations are the following:

  • John Watt, Regional Vice President, British Columbia and Yukon;
  • Richard A. Grant, Regional Vice President, Prairies;
  • Jean-Francois Therrien, Regional Vice President, Quebec;
  • Shane Roney, Regional Vice President, Specialty Insurance Solutions, Ontario and Atlantic Canada;
  • Andrew Cartwright, Regional Vice President, Surety, Ontario and Atlantic Canada;
  • Jennifer Finnell, Vice President, Specialty Insurance Solutions – Association and Affinity Business.

I’m also extremely pleased to announce the following appointments in our executive head office:

  • Rebekah Alberga to Senior Vice President and General Counsel;
  • Victor Bandiera to Senior Vice President, Underwriting and Construction Services;
  • Cindy Grant to Senior Vice President, Human Resources;
  • Jason Keyfitz, Vice President and Chief Risk Officer;
  • Dragan Popovic to Senior Vice President, Information Systems & Technology;
  • David Scotland, Chief Financial Officer.

I’d like to extend our congratulations to all the individuals above who will help me lead Trisura.

It’s an exciting time!

With the start of summer and warmer weather finally arriving, things are also heating up at Trisura. We are proud to be listed by the Globe and Mail for the third consecutive year as one of Canada’s Top Small and Medium Employers. While 2018 was one of Trisura Guarantee’s best years with almost 13% growth and a combined ratio of 86%, we’re off to a great start in 2019 with over 16% growth at the end of Q1. Over time, we’re looking to leverage the capabilities of our parent company, Trisura Group Ltd., our US affiliate, Trisura Specialty, and our Barbados-based reinsurance arm, Trisura International The sun is bright and so is the future for Trisura.

Wishing you a safe and enjoyable summer,

 

Chris

Chris Sekine 2019 Q2 newsletter

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.”

The Ride of My Life

The Ride of My Life

“You will never be in complete control of what happens to you in life; however you are always fully in control of the way in which you respond to what happens in your life.”

– Alexander Michael Gittens

Fourteen years ago this month, Trisura was born. It was just the germ of an idea, to create a new Canadian specialty lines insurer from scratch, but it quickly took shape. Bob Taylor, John Garner and I developed a business plan, found capital and reinsurance backing and took our concept to the Office of Superintendent of Financial Institutions, where we were granted our license. Two of the final ingredients were the most important: adding a superb team of industry experts and convincing the best insurance brokers in the business to support the company. Much to our pleasant surprise, we exceeded even our lofty expectations in both areas. As a result, we hit the ground running and never looked back.

Mike George farewellThe “Tri” in the name Trisura came to signify the relationship and partnership between our brokers, their customers and ourselves. It reinforces that we are a relationship company. The “sura” represents the middle letter of the word insurance, so we became the guts of insurance. Our name has served us well.

Our vision for the company became a step above and our noble purpose—our reason for being in business—is to create exceptional experiences for all stakeholders.

The support we received from our brokers from day one was incredible, and our brokers have been a key driver of our success. The team of 130 people we have assembled is, in my opinion, the best in the business and second to none. As a result, Trisura has flourished. We have consistently been one of Canada’s fastest-growing and most profitable insurers, and we have been recognized as an employer of choice with world-class employee engagement. In fact, Trisura Guarantee delivered its best year of operation in 2018.

As you know, our parent company went public nearly two years ago, and Trisura is now operating in the US and has international operations. Our little idea has grown into a significant and meaningful corporation. The organization is in great shape and the future is indeed bright.

Everything I had ever dreamed that Trisura could achieve under my watch has been delivered in spades. So, after much deliberation, I have decided this is the ideal time for me to step down as CEO. I am thrilled that my long-time colleague and friend, Chris Sekine, has been selected as my replacement. Chris will do a fantastic job in my stead and will take Trisura Guarantee to even greater heights.Mike George farewell

And what will I do now you may ask? Well, I am looking forward to taking some time off to enjoy the summer at the cottage, doing a lot of fishing and recharging my batteries, and then, I’ll be making some decisions about what I will do next.

I have been a very lucky guy. I have been incredibly fortunate in my career journey, and the past nearly 14 years has absolutely been the ride of my life. I have loved every minute and am extremely proud of the team we have assembled. I am forever grateful for my colleagues’ dedicated effort and for the wonderful support of our broker partners. I have been absolutely blown away by the outpouring of positive sentiment and congratulations from so many of you, my friends, over the past few days. Thank you from the bottom of my heart.

I look forward to seeing all of you again when our paths next cross. Until then, farewell.

Mike George farewell

 

Trisura Guarantee Insurance Company announces appointment of Chris Sekine as President and CEO, consulting arrangement with Mike George

Trisura Guarantee Insurance Company announces appointment of Chris Sekine as President and CEO, consulting arrangement with Mike George

Chris Sekine appointed new President and CEO of Trisura Guarantee

TORONTO, March 19, 2019 – Trisura Guarantee Insurance Company (“Trisura Guarantee”) announces the appointment of Chris Sekine as President and Chief Executive Officer of Trisura Guarantee. Chris succeeds Mike George, who will continue to work with Trisura Guarantee on a consulting basis.

Chris Sekine has led Trisura Guarantee’s surety group since its inception, and he is well-known to our employees, brokers and reinsurance partners. Chris has been an integral part of the success of Trisura Guarantee, helping set executive and strategic direction, including our Broker Strategic Initiative, reinsurance placement and overseeing underwriting decisions. Under Chris’ leadership, our surety business has consistently delivered exceptional results.

I’ve known and worked with Chris for over 25 years and have valued his expertise, friendship and passion for the business. He has been part of the Trisura family from the beginning, and I’m confident that under his leadership, Trisura will continue to deliver exceptional experiences and results, while building on our success story, said Mike George.

Mike has been instrumental in the development of Trisura Guarantee from its inception in 2006 through its most successful year in 2018. He has built a strong team respected for their underwriting expertise, responsiveness and cultural values, while navigating the competitive specialty insurance market. Mike will continue to work with Trisura Guarantee on a consulting basis to facilitate the leadership transition. We cannot thank Mike enough for his contributions to Trisura as a founder, a leader and a friend. We wish him every success in the future.

 

About Trisura Guarantee

Trisura Guarantee is a Canadian specialty lines insurance and surety company. Through a select network of national and regional brokerage firms, Trisura Guarantee provides innovative solutions and expertise in Contract, Developer and Commercial Surety, Directors’ and Officers’ Liability, Fidelity, Professional Liability including Media, Technology and Cyber Liability, Property, Casualty and Warranty products. Trisura Guarantee is rated A- (Excellent) by A.M. Best Company.

Trisura Guarantee 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 Group has three principal regulated subsidiaries: Trisura Guarantee Insurance Company, Trisura International Insurance Ltd. and Trisura Specialty Insurance Company. Trisura Group is listed on the Toronto Stock Exchange under the symbol “TSU.”

For more information, please contact:
Sandra Henkel
Vice President, Marketing & Distribution
Tel: 416 607 2092
Email: Sandra.Henkel@Trisura.com