Trisura Guarantee Makes the 2020 “Top Small & Medium Employer” List

Trisura Guarantee Makes the 2020 “Top Small & Medium Employer” List

Mediacorp Canada Inc.’s annual list of Canada’s Top Small & Medium Employers has been released – and Trisura Guarantee has made the cut.

Appearing on the list for the fourth year in a row, Trisura Guarantee is honoured to be named along with so many outstanding organizations.

“It is truly an honour to be recognized among so many top organizations in Canada,” Trisura’s head of human resources, Cindy Grant, says. “When it comes to our employees, we take a simple, uncomplicated approach. It’s our entire team, everyone from Halifax to Vancouver, that make us successful through their unwavering commitment to delivering on our philosophy of excellence, discipline and passion every single day.”

2020 marks the seventh year of the competition. The editors of Canada’s Top Small & Medium Employers evaluate employers based on the following criteria:

(1) Physical Workplace;

(2) Work Atmosphere & Social;

(3) Health, Financial & Family Benefits;

(4) Vacation & Time Off;

(5) Employee Communications;

(6) Performance Management;

(7) Training & Skills Development; and

(8) Community Involvement.

Small and medium-sized enterprises (SME) have a large role in Canada, being responsible for over 50% of the nation’s gross domestic product. SME also account for over 90% of the private-sector labour force, and out of all the jobs created in the last 10 years, more than 95% are because of SMEs.

To read up on what makes Trisura Guarantee a 2020 Top Small & Medium Employer, including prioritizing work-life balance and open communication, click 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.

Trisura Cyber Policy Ranked Among the Best in Canada

Trisura Cyber Policy Ranked Among the Best in Canada

By Sara Ametrano

 

Comprehensive cyber coverage is proving more and more crucial each year as hackers continue to become increasingly sophisticated and successful in their attacks. Insurance Business Canada recently surveyed brokers across the nation to uncover the best cyber policies on the market. The publication revealed the top 17 carriers, which included Trisura Guarantee Insurance Company.

Smiling woman with brown hair and blazer in front of buildings backdrop.

Angela Feudo, manager of professional solutions, Trisura.

Trisura’s manager of professional solutions, Angela Feudo, believes the organization’s cyber policy win is a testament to its customization ability. “At Trisura, we really listen to the insured and broker to ensure we understand what they are looking for,” she explains. “Working closely together allows us in to find the right solutions for their unique needs.”

In an ever-changing market, cyber insurance policies have had to adapt. There was a pressing need for policy structures to sustain future losses. With many individuals and companies working remotely for nearly two years, risks were greater, as was the need for education and training. “There is a greater awareness among organizations about cyber threats and, as a result, there have been improvements made around cyber security controls,” Feudo says.

As for what comes next, Trisura’s resident cyber expert anticipates there will be further market growth due to reliance on technology through process automation and internet connectivity. “The exposure for these businesses will grow and evolve and so must the insurance products that protect them. There will also be continued focus on not only cyber security controls, but also the use of cyber experts to aid in risk selection.”

Past cyber struggles and future challenges for the Canadian market are not necessarily unique. The global market must also be prepared to adapt, as Feudo notes, “cyber risk doesn’t have borders.”

About the 5-Star Cyber Awards:

Over the course of 15 weeks, Insurance Business Canada conducted one-on-one interviews with brokers and surveyed thousands more within the publication’s network. Brokers shared their thoughts on current cyber offerings and the most important policy features.

The top carriers were determined based on how they were rated in the following categories:

  • Relationships with brokers
  • Claim-handling abilities
  • Underwriting expertise
  • Product strength

For the official 2021 5-Star Cyber Awards report, click here.

Trisura Guarantee a Top Small & Medium Employer for Fifth Year in a Row

Trisura Guarantee a Top Small & Medium Employer for Fifth Year in a Row

After months of anticipation, Mediacorp Canada Inc. has released their coveted list of Canada’s top small and medium employers. And, for the fifth consecutive year, Trisura Guarantee is thrilled to be one of them.

Canada's 2021 Top Small & Medium Employers logoWinners of the competition, now in its eighth year, are selected based on several factors, including physical workplace, work atmosphere and health, wellness and financial benefits. This year, however, the editors of the Canada’s Top Small & Medium Employer list also looked for how organizations approached the unique challenges of the pandemic. In an unforeseen landscape, it has been necessary for companies to be flexible, quick to respond with solutions and helpful with employees’ concerns.

Richard Yerema, the managing editor of the Canada’s Top 100 Employers project, explained that this year’s leading companies were successful in creating the a smooth transition from working in the office to working remotely. “Not only were [the top companies] able to transition employees to working from home right out of the gate, but many already had policies in place that allowed for flexible work,” he said. “It was simply a matter of extending existing benefits, such as home office allowances and internet subsidies, to make the full transition.”

For the 2021 competition, it was important that the selected organizations offered the right benefits to help employees be as comfortable as possible with all the uncertainties we were all facing.

Over the past year, Trisura remained agile and was quick to respond to the urgency of the pandemic. The “virtual door” remained open for employees who had concerns or simply wanted to chat. Known for the social work culture, Trisura also hosted online team events, such as catch-ups and game days.

“Once again, we are truly honoured to receive the recognition as a Top Employer In Canada,” Trisura’s senior vice-president of Human Resources, Cindy Grant, says. “This past year, like everyone, we faced new challenges but worked diligently to support our team with appropriate resources to be successful. Our entire team from Halifax to Vancouver–makes the difference with their unwavering commitment to delivering on our philosophy of excellence, discipline and passion in everything we do.”

Trisura was also recognized for important initiatives and offerings, such as prioritizing and encouraging employee personal development through training and education, as well as a generous benefits program. Learn more about what makes Trisura Guarantee a 2021 Top Small & Medium Employer here.

 

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, Warranty and Property and Casualty 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 in Canada, Trisura International Insurance Ltd. in Barbados and Trisura Specialty Insurance Company in the U.S. 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. For more information about the competition and selection criteria, visit the Canada’s Top 100 website.

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

Happy Holidays from Trisura!

Happy Holidays from Trisura!

Happy Holidays 2020

Dear friends,

Thankfully we are nearing the end of what has been a challenging year. Regardless of your traditions, we will all spend the holiday season differently this year. What will remain consistent is the holiday spirit and it being a time for hope, rest and reflection. There is much hope for 2021 as vaccines should be made available to many. Please encourage your friends, family and colleagues to remain resilient and to be patient as there is light at the end of the tunnel.

As Trisura looks to 2021, we are committed to our brokers and striving to be a step above. This past summer many of our brokers graciously completed our survey and provided us with valuable insights. Your message to us was clear:

  • You trust Trisura and rely on us for consistency, strong personal relationships, enthusiasm, our willingness to listen and collaborate, being solutions focused and remaining a broker-only company;
  • We must remember our roots and maintain the identity that has brought success as we continue to grow our specialty lines company, while keeping an entrepreneurial spirit that cares and provides unparalleled service;
  • You want more of Trisura, which includes capacity, products and great people.

As we create our roadmap for the future, your insights will form the foundation of our plans. Although 2020 has been a challenging year on many fronts, for Trisura it was transformative in many ways. The pandemic sharpened our focus, and my great colleagues at Trisura soldiered on and continued to deliver. We raised a significant amount of capital to facilitate the growth of our business, increased our revenue base in Canada by almost 60% through the third quarter, planned and announced our January 2021 entry into the U.S. surety market and facilitated new insurance capacity in Canada through unadmitted reinsurers, all while delivering an industry-leading combined ratio of 85%.

Last year at this time (pre-covid) I shared a passage entitled “Man in the Arena,” which was an address delivered by Theodore Roosevelt in 1910. In 2020 I have replaced the word man with person. As a reminder, it goes like this:

It is not the critic who counts; not the person who points out how the strong person stumbles, or where the doer of deeds could have done them better. The credit belongs to the person who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends themself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if they fail, at least fails while daring greatly, so that their place shall never be with those cold and timid souls who neither know victory nor defeat.

I can think of no better time to recite this passage. For Trisura, this passage rings true; especially during the pandemic. I hope it helps to inspire you as it has for us. Our team stayed in the arena and you can always count on us being there, helping you succeed and striving to create an exceptional experience.

Thank you for continuing to place your trust in Trisura and in our people.

There is much to look forward to in 2021 and I am hopeful there are better times ahead. May the holiday season provide you with some respite. From our families to yours, we wish you a happy and safe holiday season and good health and success in 2021.

Best wishes,

Chris