SGI CANADA will sell commercial insurance products in British Columbia in a bid to strengthen its presence in the Western Canadian market.
"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.
"Combine that with strong population growth and a stable economy, and it just makes good business sense to be doing business in B.C."
SGI CANADA’s commercial products are 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."
Last year, SGI CANADA maintained among the largest market shares of all competitive insurers headquartered in Western Canada, writing $540 million in premiums.
SGI CANADA, based in Regina, has offices in Ontario, Manitoba, Saskatchewan and Alberta selling insurance products through a network of 500 brokers.
Since entering Alberta in 2006, SGI CANADA has grown to more than $100 million in written premium in that province.
"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 customers, to brokers, and to us.
