ShoreOne, a provider of insurance solutions for coastal homeowners, has teamed up with Trisura Specialty Insurance Company.
This collaboration is said to enhance ShoreOne’s capacity to serve homeowners in select coastal regions, leveraging Trisura’s financial strength.
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It adds a third carrier partner to ShoreOne’s portfolio.
Independent agents are anticipated to benefit from the partnership through improved underwriting capabilities.
Set up in 2019, ShoreOne offers one policy that includes both traditional homeowners’ perils and flood coverage.
ShoreOne chief operating officer and president Cameron Rhodes stated: “We take our role as stewards of insurance and reinsurance capital quite seriously and look forward to continue building on the track record we have established to date. The professional team at Trisura have been an absolute delight to work with and we are grateful to share this coastal homeowners programme (including flood) with them.”
Trisura US Programmes CEO Michael Beasley said: “We have been very selective in our approach to homeowners business over the last few years, and we are very excited about our new partnership with ShoreOne. We find them to be a very talented team who understands their business model very well and has a demonstrated track record of success in this space. We look forward to a long and successful partnership with the ShoreOne Team.”
Trisura Group, listed on the Toronto Stock Exchange, operates in surety, risk solutions, corporate insurance and fronting.
The group has investments in subsidiaries conducting insurance and reinsurance operations, mainly in Canada and the US.
