TRISURA GUARANTEE INSURANCE COMPANY ANNOUNCES APPOINTMENT OF CHRIS SEKINE AS PRESIDENT & CEO

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

Cowan Insurance Group Awarded Platinum Status by Canada’s Best Managed Companies

CAMBRIDGE, Ontario, March 07, 2019 (GLOBE NEWSWIRE) — Cowan Insurance Group, a leading Canadian insurance brokerage and consulting firm, was recognized for the seventh consecutive year by the prestigious Canada’s Best Managed Companies program, earning Platinum Club status.

Now in its 26th year, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices.

“Best Managed Platinum winners have exceptional insights and knowledge into business management practices. They are an inspiration and really take their game to a new level,” Peter Brown, Partner. Deloitte Private and Co-Leader, Canada’s Best Managed Companies Program.

Cowan has proven itself as a market leader through its commitment to innovation and excellence and a client-centric approach to doing business in the commercial and personal insurance, group benefits and wealth management space.

“To be recognized in the Platinum category for this award is truly an honour,” said Heather McLachlin, President of Cowan Insurance Group. “Achieving this milestone is a testament to our employees, the commitment they demonstrate on a daily basis and their ability to consistently deliver an outstanding client experience through their knowledge, collaboration, and innovative thinking.”

Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2019 Best Managed companies share commonalities that include a clear strategy and vision, investment in capability and commitment to talent.

Winners will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 17, 2019.

The Best Managed program is sponsored by Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group.

Aon Says It’s No Longer Pursuing Willis Towers Acquisition

Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up.

The company said on Tuesday that it was in the early stages of exploring an all-share tie-up with Willis Towers after Bloomberg reported the potential plans. The companies held preliminary talks and Aon was preparing to submit a bid in the coming weeks, people familiar with the matter had said, asking not to be identified as the details aren’t public.

Aon shares fell 7.8 percent in New York on Tuesday, its biggest decline since 2009. A potential combination with Willis — which gained 5.2 percent and had a market value of $23.5 billion at the close of trading — could have been the industry’s largest-ever merger. Willis’s shares declined about 4 percent in early trading Wednesday.

Source Bloomberg | By Nick Lichtenberg and Amy Thomson

Read more here: 

 

SSQ Insurance Partners with Analytics Leader SAS to Prepare for IFRS 17

SAS, the leader in analytics is partnering with SSQ Insurance to support their journey toward IFRS 17 compliance. The new International Financial Reporting Standard (IFRS 17) is expected to increase the complexity and cost of operating in the industry but will improve financial transparency.

Through this partnership, SAS and SSQ Insurance will efficiently address IFRS 17 requirements as well as deliver additional benefits beyond compliance such as improved processes and automation to support their financial systems and serve to enhance overall efficiency and profitability.

“SSQ Insurance is pleased to announce a partnership with SAS. This collaboration is part of a set of guidelines established to ensure the successful implementation of IFRS 17 at SSQ Insurance. The expertise and mobilization of our internal resources combined with the know-how of SAS will allow our company to comply with the standard within the set deadline while optimizing the functionalities of this new solution and the additional information now available,” said Patrick Cyr, Senior Vice-President of Finance at SSQ Insurance.

IFRS 17 will fundamentally change the face of accounting. Insurance companies will have to report in greater depth on how insurance contracts affect their financial position. The regulation demands greater detail in financial analysis and increased cooperation between actuarial and accounting departments. While the standard does not come into force until January 2022, many insurers such as SSQ Insurance have already started preparations for the changes.

“We recognize the level of complexity IFRS 17 brings to the insurance industry,” said Cameron Dow, President of SAS Canada. “We are very committed to supporting the industry with our leadership in risk transformation solutions, equipped to tackle the regulatory burdens of current and future reporting requirements.”

“IFRS 17 is the biggest reporting change for the industry in 20 years and the implications on insurers financial operating model cannot be underestimated,” said Darryl Ivan, National Executive, Risk, SAS Canada. “Insurers are considering their options early, adding strategic capability that can accommodate flexibility and scalability to future-proof against ever-changing standards. The SAS platform ensures that all parties – actuaries, risk managers and accounting specialists – can collaborate seamlessly and establish maximum transparency to ensure compliance while enabling the business. We are delighted to support SSQ Insurance in their IFRS 17 compliance needs.”

A market leader in financial risk solutions, SAS is committed to supporting our customers with the complex requirements around IFRS17. SAS leverages its strong partner network and customer experience to support the changing nature of regulatory compliance. Working with some of the world’s largest global insurers, including: Gen ReWüstenrot & Württembergische, and HDI Seguros; SAS will draw-upon its extensive knowledge and partner network to meet all the mandates of IFRS 17 in a single, comprehensive compliance environment. The new solution is built on the same flexible, high-performance analytics platform that is helping insurance firms meet Solvency II and helping the banking industry tackle its own regulatory disruption in IFRS 9.

To learn why insurers should act now to prepare for the new requirements, and the top 10 things to look for in an IFRS 17 solution, download the white paper Insurers: Are You Ready for IFRS 17?

About SSQ Insurance
Founded in 1944, SSQ Insurance is a mutualist company that puts community at the heart of insurance. With assets under management of $12 billion, SSQ Insurance is one of the largest companies in the industry. Working for a community of over three million customers, SSQ Insurance employs 2,000 people. Leader in group insurance, the company also sets itself apart through its expertise in individual life and health insurance, general insurance and the investment sector. For more information, go to ssq.ca.

About SAS
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

The Canadian subsidiary of SAS has been in operation since 1988. Headquartered in Toronto, SAS employs more than 300 people across the country at its VancouverCalgaryTorontoOttawaQuebec City and Montréal offices. For more information, please visit www.sas.com/canada

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2019 SAS Institute Inc. All rights reserved.

SOURCE SAS Canada

For further information: Editorial Contact: Suzanne Sprajcar, Suzanne.sprajcar@sas.com, 416-307-4634, www.sas.com/news; SSQ Insurance: Danielle Rioux, pressrelations@ssq.ca, 1-866-332-3806, ssq.ca

Related Links

www.sas.com/canada

Crawford Appoints Greg Smith as Chief Client Officer (Canada)

FOR IMMEDIATE RELEASE

Crawford Appoints Greg Smith as Chief Client Officer (Canada) TORONTO (February 21, 2019) Crawford & Company (Canada) Inc. announced today the appointment of Greg Smith to the position of chief client officer overseeing the sales, account management and marketing functions within the Canadian operations, effective immediately. This strategic decision reflects the organization’s commitment to bringing compelling value propositions to the marketplace while enhancing the voice of the customer across all global service lines. “As a progressive and innovative leader within Crawford for the past 23 years, Greg has had considerable experience in all facets of the organization, and is well-versed in emerging trends and InsurTech developments,” said Pat Van Bakel, president and chief executive officer, Crawford & Company (Canada) Inc.

“His knowledge of Crawford’s capabilities and the needs of our clients, in addition to the reputation that he holds within Crawford, position him well to support operations that deliver unique, fully-integrated service solutions to our clients.” As a veteran employee, Greg has consistently shown his commitment to supporting Crawford’s corporate mission of restoring and enhancing lives, businesses and communities. Within his new role, Greg will work with the organization’s sales, account management and marketing teams to grow market share by delivering industry leading claims outsourced solutions which address clients’ existing and emerging needs.

Greg’s tenure with Crawford includes leadership positions in marketing, project management, and claims operations before being appointed vice president, National Programs in 2017. He established the Key Account Management team in 2011 and was appointed senior vice president shortly thereafter. In 2016 he established a national shared services function which included information technology, human resources, procurement, quality & compliance. He holds a Masters of Business Administration (MBA) and Bachelor of Business Administration (BBA) degrees, is a Fellow Chartered Insurance Professional (FCIP) and has earned his Canadian Risk Management (CRM) designation. Greg is also an active member of the insurance industry through his activities with the Chartered Insurance Professionals’ (CIP) Society, as event chair for the CIP Symposium and member of the Ontario Council. He is also a member of the Ontario Risk and Insurance Management Society (ORIMS). “We are excited to see Greg continue his stellar career trajectory with Crawford and look forward to the future success we believe he will bring to the organization.” said Pat Van Bakel. For media inquiries, please contact: Amanda Bortolus Marketing Director, Crawford & Company (Canada) Inc. Email: Amanda.Bortolus@crawco.ca

SSQ Insurance CEO Jean-Francois Chalifoux named 2018 Financial Personality of the Year

SSQ Insurance proudly welcomed the news of their CEO Jean-François Chalifoux’s designation as the 2018 Financial Personality of the Year. Chalifoux was honoured by an independent jury of industry peers as part of the annual Top 25 financial industry ranking by Finance et Investissement.

“I’m very pleased to be receiving this award, which I wish to share with my SSQ Insurance colleagues. I’m happy to be able to count on the 2,000 employees dedicated to our organization. Their commitment and involvement in the company’s projects has allowed SSQ Insurance to continue to grow and position itself well in the industry,” said Chalifoux. “I thank them for their hard work and dedication.”

Jean-François Chalifoux is a leader with a vision who has focused the company’s efforts on performance and innovation to maximise the company’s results. The members of the jury acknowledged his strategic audacity and sense of innovation in addition to the company’s growth.

Chalifoux joined SSQ Insurance as CEO in September 2015. Since then he has orchestrated the company’s transformation. Following the implementation of a new organizational model, the merger of the company’s legal entities and the introduction of an ambitious strategic plan, the company launched its new brand identity in 2018 as the crowning achievement of the changes for the company’s members, customers and partners.

About Top 25 ranking of Quebec’s financial sector
Each February, the French-language publication Finance et Investissement hands out its Top 25 ranking of Quebec’sfinancial industry personalities, including the Financial Personality of the Year. This honour is an acknowledgment of the influence, exceptional achievements and remarkable growth of the company under their management.

The Top 25 of the financial industry as determined by Finance et Investissement pays tribute to 25 standout leaders who live and work in the province of Quebec and whose accomplishments stood out in the last year. The award winners are chosen by a jury made up of outstanding members of the financial industry.

About SSQ Insurance
Founded in 1944, SSQ Insurance is a mutualist company that puts community at the heart of insurance. With $12 billion in assets under management, SSQ Insurance is one of the largest companies in the industry. Working for a community of over three million customers, SSQ Insurance employs 2,000 people. Leader in group insurance, the company also sets itself apart through its expertise in individual life and health insurance, general insurance and the investment sector. For more information, please visit ssq.ca.

SOURCE SSQ Insurance

ssq.ca

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from ILSTV

You have Successfully Subscribed!

Pin It on Pinterest