Trisura Acquires Sovereign Insurance’s Surety Business

TORONTO, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura”) and The Sovereign General Insurance Company (“Sovereign Insurance”) are pleased to announce the acquisition by Trisura of Sovereign Insurance’s surety business in Canada. The deal provides 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. The acquisition strengthens Trisura’s surety operation in Canada. Sovereign Insurance exits the surety business in Canada to focus more closely on its core commercial and specialty lines business.

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