Toronto, ON (Feb. 13, 2024) – SSRU is excited to announce a partnership with the Sompo Japan Insurance Inc. (Canada Branch), introducing increased capacity within our Residential Realty and Commercial Property product offerings.
SSRU’s Residential Realty product offering has been increased by $5,000,000, bringing our available capacity to $30M, while our Property product offering has been increased by $10,000,000, bringing our available capacity to $35M.
SSRU is also pleased to have strengthened our domestic Commercial Casualty offering through partnerships with two distinct Lloyd’s syndicates, bringing our Commercial Casualty capacity to $31M.
“The increased syndication of SSRU’S insurance panel reinforces our long-term, stable capacity in the marketplace,” commented Heather Jamieson, SVP of Property.
“We are pleased to be able to offer meaningful, long-term capacity in a market where capacity for severity driven risk is often transitory,” commented Victor Ip, SVP of Casualty.
“SSRU’s increased capacity creates broader syndication among our carriers, reducing our client’s exposure to counterparty risk and further insulating our panel from severity loss,” commented Stephen Stewart, President and CEO of SSRU.
About SSRU
SSRU is a Specialty Insurance MGA based in Toronto. Founded in 2016 by CEO Stephen Stewart, SSRU provides specialty insurance products to a wide array of clients in the Construction, Manufacturing, Natural Resources, Public Entity, Realty, and Transportation sectors. For more information, visit ssru.ca.
Source: SSRU
Tags: partnership, Property/Casualty (P&C) insurance, SSRU
