Reinsurance News
Trisura
Trisura Group announces C$50m bought deal financing
15th August 2023
Specialty insurance provider, Trisura Group, has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 1,520,000 common shares of Trisura, at a price of $32.90 per Common Share for gross proceeds of approximately ... Read the full article
Trisura Group set to provide underwriting services to Argo’s surety business
25th May 2023
Argo Group International Holdings, Ltd., has announced that it has come to an agreement with North American insurer, Trisura Group, Ltd., to support its surety underwriting operations as it looks to revamp and grow its surety business. Through the partnership, Trisura will provide surety underwriting services, as well as other services ... Read the full article
Trisura Group Q1 net income drops impacted by new IFRS standards
12th May 2023
Specialty insurer Trisura Group has announced its financial results for the first quarter of 2023, reporting a net income of $14.0 million and insurance revenue growth of 53%, which reflects sustained momentum across North America. According to the insurer, its net income in the quarter was impacted by the implementation of ... Read the full article
Trisura Group hires new CUO for US Corporate Insurance Operations
31st March 2023
Trisura Group Ltd. has announced the appointment of Tom Ciano as Chief Underwriting Officer (CUO) for its US Corporate Insurance. Ciano will lead the entry into the US Corporate Insurance market and head the operations with an underwriting launch date in 2023. Ciano will be based in Boston, he is an ... Read the full article
AM Best revises Trisura’s outlook to negative and affirms credit ratings
20th March 2023
Global rating agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the operating entities of Trisura Group Ltd. The operating entities of Trisura includes Trisura Specialty Insurance Company (TSIC), Trisura Insurance ... Read the full article
Trisura falls to Q4 loss on write down of reinsurance recoverables
1st March 2023
Specialty insurer Trisura Group has reported a net loss of $40.3 million for the fourth quarter of 2022 due in large part to a $81.5 million write down of reinsurance recoverables relating to a contract dispute. Trisura explained that it had a “disagreement over obligations” under one particular quota share reinsurance ... Read the full article
Relm Insurance expands its partnership with Trisura Specialty Insurance Company
1st February 2023
Specialty insurer Relm Insurance Ltd., has announced an expansion of its strategic fronting partnership with Trisura Specialty Insurance Company. The expansion will enable the Bermuda-domiciled carrier to provide capacity in support of AM-Best rated paper for US digital asset risks. Rated A- by AM Best, Trisura is a leading international specialty insurance ... Read the full article
Trisura Group’s Q3 GPW rises 59% to $645mn
4th November 2022
Specialty insurer Trisura Group has reported $644.8 million of gross premiums written in the third quarter of 2022, an increase of 59.3% compared to $404.7 million from the prior year quarter, thanks to sustained growth in Canada and expansion in US fronting. Net income for the quarter increased by 48% to ... Read the full article
Trisura Group acquires Sovereign Insurance’s surety business
3rd October 2022
Trisura Group Ltd. a specialty insurance provider, has acquired Sovereign Insurance’s surety business in Canada. The deal will provide Trisura with access to a portfolio of contract, commercial and developer surety accounts, which in 2021 produced an annual premium of over $16 million CAD. Moreover, the acquisition also strengthens Trisura’s surety operation ... Read the full article
At-Bay launches new cyber insurance program, backed by Trisura & HSB
16th May 2022
Cyber insurance provider At-Bay has announced the launch of a new cyber insurance program backed by two leaders within specialty insurance – Trisura Specialty Insurance Company and The Hartford Steam Boiler (HSB). Trisura serves as the new issuing carrier for the cyber and tech errors and omissions (E&O) program, while HSB ... Read the full article
Trisura reports FY premium growth of 68.7%
11th February 2022
Trisura is reporting premium growth of 54.3% between Q4 2020 and Q4 2021, alongside a full-year result of 68.7%. The firm said this growth was driven by an expansion of its market share, the maturation of its platform, and the advent of new products. It said that in Canada, focused underwriting ... Read the full article
Trisura launches E&S Insurance Carrier
19th January 2022
The US subsidiary of International specialty insurance holding company Trisura Group has launched Bricktown Specialty Insurance Company, its new E&S Insurance Carrier to further expand the company’s footprint within the insurance industry. This new carrier will allow its current clients to expand, whilst bringing in new clients who will not have ... Read the full article
Trisura Group’s Q3 net income rises 146% to C$16mn
9th November 2021
Specialty insurer Trisura has reported a third quarter net income of C$16.1 million, an increase of 145.7% against the prior year quarter thanks to strong underwriting in Canada, increasing fee income from the US, and appropriate asset liability matching in its reinsurance business. Gross and net written premiums grew by 68.9% ... Read the full article
Trisura reports annual net income of $32.4mn
11th February 2021
Trisura Group Ltd. has reported net income of $10.9 million for the fourth-quarter and income of $32.4 million for the full-year, representing growth of 162.4% and 536.9%, respectively, from the same periods in 2019. The company attributes the higher figures to strong growth and underwriting in Canada, a growing contribution to ... Read the full article
Trisura hires new Chief Underwriting Officer, US Surety
1st December 2020
Trisura Group has appointed George R. James as Chief Underwriting Officer (CUO), Surety, for the organisation’s new US surety platform. This appointment will take place from January 4th, 2021 as he leads Trisura’s entry into the U.S. surety market and heads its US surety operations. James is a seasoned surety leader with ... Read the full article
- ← Previous
- 1
- 2
- 3
- Next →
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
