TORONTO, April 10 /CNW/ - Trisura Guarantee Insurance Company today
announced its launch as a newly incorporated Canadian property and casualty
insurance company licensed to conduct business throughout Canada. Canadian
owned and operated, Trisura is uniquely positioned to address mid-market risks
in Contract, Commercial and Developer Surety, Directors' and Officers'
Liability, Fidelity and Professional Liability. With offices in Toronto,
Calgary and Vancouver, and an office planned for Montreal later this year,
Trisura will distribute its niche products through independent insurance
brokers.
The company was founded by three industry veterans - Robert Taylor, Chief
Executive Officer, Michael George, President and Chief Operating Officer, and
John Garner, Chief Financial Officer - who collectively bring to Trisura and
its clients over 75 years of experience in the insurance industry. "We've
assembled a team of dedicated professionals committed to delivering
innovative, made-in-Canada solutions to brokers and their clients, a winning
strategy that will differentiate us in the Canadian marketplace and help us
achieve our goal of becoming the specialty insurance market of choice"
commented Bob Taylor, Chief Executive Officer.
Trisura is supported by a select group of international reinsurers with A
or A+ ratings from A.M. Best.
Trisura is a sponsored investment of Brookfield Asset Management Inc.
(NYSE/TSX:BAM), an asset management company, focussed on property, power and
infrastructure assets with approximately $50 billion of assets under
management.
Trisura's offices are located at:
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Toronto Calgary Vancouver
70 York Street, 150 - 6 Ave. SW, 1055 West Georgia Street,
Suite 1100 Suite 3360 Suite 2050
Toronto, Ontario Calgary, Alberta Vancouver, BC
M5J 1S9 T2P 3Y7 V6E 3R5
Tel (416) 214.2555 Tel (403) 663.3343 Tel (604) 669.3141
Fax (416) 214.9597 Fax (403) 663.3344 Fax (604) 687.3419
>>
Note: This press release contains "forward-looking statements". The words
"will" "believe" "positioned" and other expressions which are predictions of
or indicate future events and trends and which do not relate to historical
matters identify forward looking statements. Reliance should not be placed on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors, which may cause the strategy and business of
Trisura Guarantee Insurance Company to differ materially from anticipated
strategy and industry position expressed or implied by such forward-looking
statements. Factors that could cause Trisura's performance and strategy to
differ materially from those set forward in the forward looking statements
include investment decisions based upon general economic conditions, interest
and exchange rates, insurance industry pricing and competitive dynamics and
other risks detailed from time to time Trisura's regulatory filings. The
company undertakes no obligation to publicly update or revise any forward
looking statements, whether as a result of new information, future events or
otherwise.
<<
Trisura Guarantee Insurance Company
OUR FOCUS
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Contract Surety
Trisura provides Contract Surety bonds to construction companies and
manufacturers which guarantee their contractual obligations. Our focus is
small to mid-size Canadian surety risks that operate primarily in Canada.
Trisura's products include:
- Performance Bonds - Bid Bonds
- Labour and Materials Payment Bonds - Agreements to Bond
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Commercial Surety
A wide variety of bonds are required by companies or individuals to
satisfy government regulations or court orders. Examples of these types
of surety bonds that Trisura provides include:
- Fiduciary Bonds - Customs and Excise Bonds
- Lost Instrument/Document Bonds - Tobacco and Fuel Tax
- License and Permit Bonds - Carnet Bonds
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Directors' and Officers' Liability Insurance
Trisura offers comprehensive Directors' and Officers' Liability Insurance
products that protect the directors and officers of private, public and
non-profit corporations.
- Options for Employment Practices and Fiduciary Liability Insurance
extensions.
- Non-profit Directors' and Officers' Liability Insurance product extends
coverage to the trustees, employees, volunteers and the non-profit
entity itself.
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Fidelity
Addressing the Commercial Fidelity and Financial Institution market,
Trisura has specific forms that provide coverage on a per loss basis. For
regulated financial institutions, Trisura offers a full suite of
Financial Institution Bonds, which acknowledge and address specific
regulatory requirements.
Coverage enhancements are also available to protect against Computer
Systems Fraud, Mail Coverage, and Extortion - Threats to Persons and
Property.
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Professional Liability
Trisura's Miscellaneous Professional Liability (Errors & Omissions)
Insurance product allows flexibility to tailor the coverage to fit each
specific class of professional we write. Below is a partial listing of
the professions we write:
- Alternate Dispute Resolution Services - Management Consultants
- Auctioneers - Meeting Planners
- Bookkeepers - Personal Counsellors/
- Claims Adjusters Social Workers
- Computer Consultants - Placement Agencies
- Court Reporters - Property Appraisers
- Expert Witnesses - Property Managers
- Forensic Accountants - Relocation Consultants
- Human Resource Consultants - Tax Preparers
- Management Accountants - Translators
- Travel Agents
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EXECUTIVE BIOGRAPHIES
Bob Taylor
Chief Executive Officer
Bob Taylor is the Chief Executive Officer responsible for the overall
strategy, vision, and direction of the company. In addition, Bob will have
oversight responsibilities for the Corporate Risk operations. Until 2002, Bob
was President and Chief Executive Officer of a federally regulated property
and casualty insurance company that specialized in the similar lines of
business that Trisura will be targeting. Prior to leading that start up
operation in 1989, Bob was a Senior Vice President of a large multinational
insurance company. Bob has been in the insurance industry for 31 years.
Mike George
President and Chief Operating Officer
Mike George is the President and Chief Operating Officer responsible for
managing the day to day business activities of Trisura and will be
collaborating with Bob and John in setting the strategic direction and vision
of the company. In addition, Mike will have oversight responsibilities for the
Surety and related product operations. Until June of 2005, Mike was a Senior
Vice President and Director of a large multinational insurance company,
responsible for its field operations in Surety, Special Risk, Title and New
Home Warranty operations across Canada. Until the end of 2002, Mike was also
responsible for the firm's Corporate Risk business, comprising Directors and
Officers' Liability, Fidelity and Professional Liability Insurance. Prior to
that he also worked for several multinational insurance companies as an
Underwriter and Senior Underwriter respectively, and started his career in
1987 as a corporate banker.
John Garner
Chief Financial Officer
John Garner is the Chief Financial Officer responsible for the company's
financial planning, policies and guidelines. Previously, John worked at
Cookson Walker Consulting where his focus was on the organizational structure
and operating efficiency of both insurance companies and brokers. Until 2002,
John was Chief Financial Officer of a federally regulated property and
casualty insurance company. Prior to that time, John spent much of his career
dealing with insurance brokers at Ernst & Young (formerly Clarkson Gordon),
Trivest Insurance Network Limited, and Wellington Insurance Company. John
holds his MSc. (Econ) and is a Chartered Accountant.