Trisura Group Ltd

Description

Trisura Group Ltd is an international financial service company, domiciled in Canada, primarily engaged in insurance and related services.

Trisura Group is headquartered in Ontario, Toronto. It was formed in January 2017 under the Ontario's Business Corporation Act.

It is a publicly listed company with stocks trading on the Toronto Stock Exchange under the symbol 'TSU'.

Trisura Group is engaged in providing specialty insurance solutions, property and casualty, surety, corporate insurance, reinsurance services, and risk solutions.

The Group also provides the Trisura Online platform that offers non-profit officers’ and directors’ insurance, commercial surety bond portal, and contractor bond portal.

The group claims to help the customers make informed decisions by providing access to marketing material, white papers, case studies, industrial publications, and blogs.

The specialty insurance company caters to different industries:

• Agriculture
• Communication and media
• Construction
• Education organizations
• Financial institutions
• Manufacturing or wholesale organizations
• Non-Profit Organizations
• Oil and gas
• Mining companies
• Retail companies
• Service organizations
• Utilities
• Technology firms

The group operates its business through three wholly-owned subsidiaries:

• Trisura Guarantee Insurance Company: Provides specialty lines insurance and surety solutions.

• Trisura International Insurance: A reinsurance company based in Barbados.

• Trisura Specialty Insurance Company: A US-based specialty insurance company domiciled in Oklahoma.

In September 2019, Trisura Guarantee Insurance Company was reportedly listed in the Growth 500 rankings of Canada’s fastest-growing companies with exponential revenue growth.

The wholly-owned subsidiary, Trisura Guarantee Insurance Company, reportedly has been providing underwriting services since 2006.

Trisura Specialty Insurance Company, the US subsidiary, provides is a licensed hybrid fronting entity that participates in non-admitted markets and provides underwriting services across the United States.

The company claims that its international reinsurance subsidiary has been operating in Barbados for 18 years.

Trisura Group is also focused on expanding its current market network and growing its product segments through strategic acquisitions and a diversified multi-faceted platform.

The products offered under the surety business line include contract, developer, and commercial surety bonds.