News

APPOINTMENT OF DEREK WRIGHT

Toronto, Ontario – October 7, 2024 Stewart Specialty Risk Underwriting Ltd. (SSRU) is pleased to announce the appointment of Derek Wright as Property Underwriter. Derek will report directly to Heather Jamieson, Senior Vice President of Property. Derek first collaborated with SSRU in 2019 while managing our claims as part of a Third-Party Administrator. During this […]

SSRU Partners with Millennium Insurance Corporation to Further Increase Commercial Property Capacity

Toronto, Canada – SSRU is excited to announce a partnership with Millennium Insurance Corporation effective April 1, 2024. This strategic alliance has increased SSRU’s A-rated Commercial Property capacity to $38.5M for risks in the Energy, Mining and Manufacturing sectors. With the support of Alberta based Millennium, and the creation of a bespoke reinsurance treaty for […]

APPOINTMENT OF KIMBERLY AGGIO

SSRU is pleased to announce the appointment of Kimberly Aggio as Director of Business Operations. In her role, Kimberly will be responsible for overseeing the day-to-day operational functions of SSRU. Her mandate will include regulatory and compliance matters, claims, administrative activities and overseeing SSRU’s company standards to ensure optimal business workflows and continued enterprise growth. […]

SSRU ANNOUNCES SUCCESSFUL TREATY RENEWALS

During what is arguably the most challenging reinsurance market in history, SSRU is very pleased to announce that we have been able to renew our Property and Casualty facilities with improved terms. Our Property capacity renews at CAD/USD 25M, and we have increased our Casualty capacity to CAD/USD 30M. Further, we now have the ability […]

Adapting management styles for the post-COVID workplace

Stephen Stewart, president and CEO of Stewart Specialty Risk Underwriting Ltd., finds managers in the hybrid office will need to be nuanced in how they manage people. Read more

SSRU Increases Property Capacity

SSRU is excited to ring in the new year with an expansion in available capacity from 15M+ to 25M+ for its Property line of business. Heather Jamieson, SVP of Property at SSRU stated: “We are very pleased to have the ability to offer higher limits in the current challenging marketplace. We believe our broking partners […]

SSRU Increases Casualty Capacity

SSRU is excited to ring in the new year with an expansion in available capacity from 20M+ to 25M+ for its Casualty line of business. Victor Ip, SVP of Casualty at SSRU stated: “I am extremely pleased with the growth and profitability of SSRU’S Casualty book of business over the past 5 years. As we […]

Commercial claims spike as global pandemic wreaks havoc

A surprising reveal in Canadian Underwriter’s Trusted Advisor 2021 survey is that 23% of business client respondents said they’d contacted their broker to make a commercial claim over the past two years. That’s up from 20% in the 2020 survey. View Canadian Underwriter article

Insurer, MGAs give employees more time off during pandemic – featuring Stephen Stewart

The pandemic has spurred MGAs and one insurer to offer additional paid time off and be more generous with their vacation policies. AXA Group announced Sept. 7 that it was giving its 153,000 employees worldwide two additional paid days off to be taken before the end of Q1 2022. “We appreciate that everybody has been […]

Our Team is Growing!

Stefanie Mangiacotte joins SSRU as an Underwriter in our Programs department. Stefanie has a Diploma in Insurance from Conestoga College, and has been active in the MGA and Broker environments for over 8 years.

SSRU Welcomes Nick Del Monte to its Property Team

SSRU is pleased to announce the appointment of Nick Del Monte as Vice President in SSRU’s Property division. In his role, Nick will be responsible for the maintenance and growth of the Non-Energy Property book. Nick has over 20 years of experience underwriting Large and Complex Property accounts. Prior to joining SSRU, Nick worked for […]

Why this MGA exec predicts more Canadian MGA consolidation in the future – featuring Stephen Stewart

More mergers and acquisitions (M&A) activity between managing general agencies (MGA) is likely in the future, since private equity is focusing on this sector, giving MGAs the fiscal tools to make acquisitions, the president and CEO of one MGA told Canadian Underwriter recently.

Underwriting Appointment

SSRU is pleased to announce the appointment of Shauna Congram as Assistant Vice President in SSRU’s Casualty division. In her role, Shauna will be responsible for the maintenance and growth of the overall Casualty book.

B.P. Marsh & Partners Interim Results

B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, announces its unaudited Group interim results for the six months to 31 July 2020 (the “Period”).

Investor’s Chronicle Article

Not even the Covid-19 pandemic could prevent Aim-traded insurance sector investment company BP Marsh & Partners (BPM: 260p) from reporting a near double-digit year-on-year rise in net asset value (NAV) to a record £142.6m (396p a share).

The Impact of the Pandemic on MGAs – featuring Stephen Stewart

Canadian Underwriter caught up with Stephen Stewart, president and CEO of Stewart Specialty Risk Underwriting Ltd., who shared his thoughts on the impact of the pandemic on MGAs cu | How has the pandemic affected MGAs? I guess the fundamental difference between MGAs and brokerages is that, for MGAs, we have in-house authority and we […]

Management Appointment

SSRU is pleased to announce the appointment of Brian Hitchlock to Director, Information and Operations. In his role, Brian will be responsible for the build, implementation, and security of SSRU Information Management and Operating systems including Accounting, CRM and web-based applications.

SSRU – Property Offering and Management Appointments

Stewart Specialty Risk Underwriting Ltd (“SSRU”), the provider of specialty insurance products to a wide array of clients with severity driven exposures in the Construction, Manufacturing, Natural Resources, Public Entity and Transportation sectors, today announces the establishment of a new Property offering to the market and senior management appointments.