Trisura faucets chief for North American surety

Specialty insurance coverage supplier Trisura Group has named Terry Michalakos as senior vice chairman of North American surety.

The Toronto-headquartered firm mentioned Michalakos’ appointment is a part of Trisura’s plans to take part in surety bond necessities to assist its substantial infrastructure commitments in Canada and the US.

Michalakos has established a fame as a seasoned government within the North American surety market. He has over 20 years of business expertise, together with a stable surety background throughout all business segments in North America and different elements of the world. He additionally has expertise as a dealer.

Michalakos’ most up-to-date function concerned main surety operations for the second-largest surety author in Canada. His new place at Trisura will see him accountable for supporting surety groups throughout North America to underwrite strategic alternatives.

“Trisura is a pacesetter in surety in Canada with the ambition and sources to develop our platform throughout North America,” mentioned Chris Sekine, president and CEO of Trisura Canada. “Including Terry to our crew might be impactful as we broaden our high-quality surety portfolio each in Canada and the US.”

President and CEO David Clare had referred to as this transfer an “vital step” to the corporate’s progress technique in America, noting that the “comparatively small firm” might be essential to establishing a extra vital presence within the US surety market.

“The Treasury itemizing offers entry to a broader, extra diversified and a horny array of bonding alternatives. It additionally permits us to realize traction with our distribution companions,” Clare mentioned. 

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