Major surety portfolio acquisition announced

Major surety portfolio acquisition announced

iStock.com/dmphoto Western Surety Company (WSC) will acquire SGI Canada’s surety portfolio, effective Oct. 1. “The acquisition aligns with Western Surety Company’s monoline surety focus, and solidifies its position as a top surety writer in Canada,” WSC says in a press release last week. WSC says it’s the only insurance company in Canada to exclusively write surety bonds for the construction industry, as well as a complete line of commercial sur…