M&A Deal Summary |
|
|---|---|
| Date | 2022-09-30 |
| Target | Sovereign General Insurance - Surety Business |
| Sector | Insurance |
| Buyer(s) | Trisura Group |
| Sellers(s) | Sovereign General Insurance |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Insurance |
| Revenue | 711M CAD (2023) |
Trisura Group is a specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market. Trisura Group is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Insurance) | 1 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-26 |
First Founders
Chester, New Jersey, United States First Founders is a Treasury-listed surety company that specializes in providing Customs bonds and other federal bonds related to the import and export industry. First Founders is based in Chester, New Jersey. |
Buy | - |
Sovereign General Insurance is a mid-to-large commercial insurance provider. Sovereign General Insurance was founded in 1953 and is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2022) | 1 of 1 |
