Set to sell commercial property insurance in B.C. July 2, 2015
Toronto, ON (July 2, 2015) – SGI CANADA is strengthening its presence in the Western Canadian insurance market as the company begins to sell commercial insurance products to customers in British Columbia.
“We’re always paying attention to market position, and B.C. is a province with strong growth potential. This market fits well with SGI CANADA’s particular expertise in Western Canada’s construction, transportation and oil and gas industries,” said Andrew Cartmell, President and CEO of SGI CANADA, based in Regina, Saskatchewan. “Combine that with strong population growth and a stable economy, and it just makes good business sense to do business in B.C.”
SGI CANADA has enjoyed 70 years of industry success. Last year the company maintained among the largest market shares of all competitive insurers headquartered in Western Canada, writing $540 million in premium. SGI CANADA has commercial products designed to suit the insurance needs of B.C. small business owners and retail operators, as well as contractors and construction firms, oil and gas servicing companies, and the transportation industry.
“Our experience with resource-based industries runs deep, which means we have the capacity to develop innovative products with distinctive coverage to meet the specific needs of B.C. customers,” Cartmell said. “And delivering what customers want – where and when they want it – is at the core of what SGI CANADA stands for.”
Already achieving success in Ontario, Manitoba, Saskatchewan and Alberta, the move to B.C. allows the corporation to continue spreading risk geographically. Since entering Alberta in 2006, SGI CANADA has grown to more than $100 million in written premium in that province.
SGI CANADA is an insurer with a reputation for strong broker partnerships – selling products exclusively through a network of more than 500 brokers. “We’ve seen the success that strong broker partnerships bring, ensuring customers get the right insurance to protect their interests,” Cartmell said. “We’re looking forward to the opportunities this move will bring to brokers and to us.”
SGI CANADA plans to expand to home insurance products in B.C. in 2016.
About SGI CANADA
SGI offers its competitive property and casualty insurance products through SGI CANADA in Saskatchewan, Alberta, Manitoba and British Columbia, and Coachman Insurance Company in Ontario. It sells its products exclusively through independent insurance brokers in all jurisdictions. Visit SGI CANADA at www.sgicanada.ca.