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

Happy Thanksgiving from Trisura!

Happy Thanksgiving from Trisura!

Happy Thanksgiving

Dear friends,

It’s hard to believe we are now in October. Although COVID-19 impacted many summer plans, I hope you were able to make the most of the warm weather and sunshine. Unfortunately, active cases are again on the rise in most provinces, and I wish you and those close to you good health and safety.

With Thanksgiving just around the corner, I find myself reflecting on the events that have taken place in 2020 thus far. Even during these difficult times, I have so much to be thankful for, including my wonderful family and friends, my fantastic, resilient co-workers and that we have all remained in good health. On behalf of everyone at Trisura, we are thankful for having you as our business partners and for your continued support. We hope that we’ve been able to serve and support your needs, even from a distance.

Like most of you, we’ve been working remotely since March. Although we miss our face-to-face interactions, our top priority has been to continue to strengthen our relationships to ensure that we deliver on our promise of providing you with “a step above” experience.

Over the summer, we conducted a broker survey to provide us with insights to serve you better and enhance your experience with Trisura. The response rate was overwhelming, and I’d like to express our sincere gratitude. We are currently reviewing the data and will soon provide a summary of the results.

We have been busy working on many exciting initiatives this year, with the most significant being our official entry into the US Surety market beginning in January 2021. I am pleased to announce that George James will be joining Trisura on January 4, 2021, to lead our US Surety business. George joins Trisura with over 20 years of industry experience, with the last five years as Executive Vice President and Chief Underwriting Officer at International Fidelity Insurance Company. George will bring a wealth of knowledge, experience and relationships to Trisura, and we are very excited for him to begin his new journey. We will be sharing more on this exciting news over the coming months.

Even during these difficult times, Trisura’s business continues to thrive and that is because of you. We sincerely thank you for your trust in Trisura and for your continued support. On behalf of everyone at Trisura, I wish you and your loved ones a happy and safe Thanksgiving.

 

Chris Sekine
President & CEO

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