DBRS turns Trisura trend to positive

DBRS said it changed the trend on Trisura Group Ltd. and its operating entities to positive from stable and confirmed the BBB issuer rating.

“The change in trend to positive from stable recognizes the significant growth of Trisura’s specialty insurance franchise in the Canadian and U.S. markets while demonstrating consistently strong financial performance. The company’s healthy underwriting margins and fee income result in very strong profitability metrics including the combined ratio and the return on equity,” DBRS said in a press release.

Additionally, the agency noted Trisura raised C$144 million in equity capital in the third quarter, illustrating its capital flexibility and further improving its financial position.

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