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Trisura Group Ltd
Symbol TSU
Shares Issued 6,621,680
Close 2018-10-15 C$ 26.67
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Trisura Group appoints Clare as president, CEO

2018-10-16 08:42 ET - News Release

Mr. Bryan Sinclair reports


Trisura Group Ltd. has appointed David Clare as president and chief executive officer, effective immediately. Mr. Clare succeeds Greg Morrison, who will continue his involvement with Trisura as a member of the board of directors.

"David has been an integral member of our senior management team since prior to the spinoff of Trisura from Brookfield Asset Management. He is well known to many of our investors and we look forward to benefiting from David's leadership in executing the company's growth strategy," said George Myhal, chair of the board of directors of Trisura. "I want to thank Greg Morrison for his strong executive leadership. Greg has played a key role in establishing the business and will continue to be a significant contributor to the success of Trisura."

Prior to joining Trisura as a senior vice-president and chief investment officer last year, Mr. Clare was a vice-president at Partners Value Investments LP, Trisura's largest shareholder. Mr. Clare previously worked in corporate development and strategy at a large financial services holding company. He holds a bachelor of commerce degree from Queen's University.

"I am very pleased with the success we have had at Trisura since the spinoff and look forward to working with David in his new role," said Mr. Morrison. "David is a critical member of the management team and is well suited to leading the group as we implement our international growth strategy. One of my goals at Trisura was establishing an executive team to lead the company into the next chapter of development. This appointment is the culmination of that succession planning process."

Trisura's subsidiaries will continue to be led by their existing executive teams. Mike George, Eileen Sweeney and Jimmy Doyle led the Canadian, United States and international platforms respectively.

About Trisura Group Ltd.

Trisura Group is a leading international specialty insurance holding company 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 and Trisura Specialty Insurance Company.

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